A U.S. based cosmetics company has settled with the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) and agreed to pay close to USD$1 million dollars in fines to settle civil liabilities regarding North Korea sanctions violations, the Treasury announced on Thursday.
According to an OFAC web notice, “ELF” Cosmetics had since April 2012 imported 156 shipments of false eyelash kits from two China-based suppliers that contained materials sourced from North Korea, with the total value of the shipments amounting to $4,427,019.26 in total.
A U.S. based cosmetics company has settled with the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) and agreed to pay close to USD$1 million dollars in fines to settle civil liabilities regarding North Korea sanctions violations, the Treasury announced on Thursday.
According to an OFAC web notice, “ELF” Cosmetics had since April 2012 imported 156 shipments of false eyelash kits from two China-based suppliers that contained materials sourced from North Korea, with the total value of the shipments amounting to $4,427,019.26 in total.
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