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Keyword: essentrafze

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  • UAE Company Admits to North Korean Sanctions Violations and Defrauding the U.S. Goverment, Agrees to Pay $665,000

    07/17/2020 6:29:51 PM PDT · by ransomnote · 1 replies
    justice.gov ^ | July 16, 2020 | U.S. Attorney’s Office District of Columbia
    First-Ever Corporate Enforcement Action by DOJ of North Korean Sanctions            WASHINGTON – Essentra FZE Company Limited (“Essentra FZE”), a global supplier of cigarette products that is incorporated in the United Arab Emirates (“UAE”), has agreed to pay a $665,112 fine and enter into a deferred prosecution agreement with the Justice Department for conspiring to violate the International Emergency Economic Powers Act (“IEEPA”) and defrauding the United States in connection with evading sanctions on North Korea.  Today’s public filing against Essentra FZE is the first ever DOJ corporate enforcement action for violations of these regulations. ...