Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines



News Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines An Indonesian firm was hit with two back-to-back fines for violating sanctions with cigarette papers Min Chao Choy January 18, 2021 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON KCNA Just three days after an Indonesian company was fined $1 million for selling cigarette paper to North Korea, the same company was fined another $1.5 million in a double-whammy of penalties for sanctions violations. The U.S. Department of Justice announced on Sunday that PT Bukit Muria Jaya (BMJ) agreed to pay a $1.56 million fine for knowingly selling the cigarette paper to North Korea between 2016 and 2018. BMJ also admitted to routing the funds through third parties in an effort to hide the fact that North Korea-linked firms were making U.S. dollar wire payments. The transactions were Read More © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Yoon bet on US to deter North Korea. Now he faces an alliance skeptic in Trump. 02All the question marks hanging over Trump’s approach to North Korea in term two 03Time almost up for North Korea’s plan to launch 3 military satellites in 2024 04Trump return rekindles prospects of North Korea talks, but Russia stands in way 05How China could benefit from North Korea’s troop deployment to Ukraine 06New North Korean ICBM delivers big political message, and likely bigger payloads 07How North Korea-Russia ties will challenge next US president, no matter who wins 08What to make of the stunning collapse in value of North Korean won

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Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines

An Indonesian firm was hit with two back-to-back fines for violating sanctions with cigarette papers

Min Chao Choy January 18, 2021

Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines

KCNA

Just three days after an Indonesian company was fined $1 million for selling cigarette paper to North Korea, the same company was fined another $1.5 million in a double-whammy of penalties for sanctions violations.

The U.S. Department of Justice announced on Sunday that PT Bukit Muria Jaya (BMJ) agreed to pay a $1.56 million fine for knowingly selling the cigarette paper to North Korea between 2016 and 2018. BMJ also admitted to routing the funds through third parties in an effort to hide the fact that North Korea-linked firms were making U.S. dollar wire payments.

The transactions were

01Yoon bet on US to deter North Korea. Now he faces an alliance skeptic in Trump.
02All the question marks hanging over Trump’s approach to North Korea in term two
03Time almost up for North Korea’s plan to launch 3 military satellites in 2024
04Trump return rekindles prospects of North Korea talks, but Russia stands in way
05How China could benefit from North Korea’s troop deployment to Ukraine
06New North Korean ICBM delivers big political message, and likely bigger payloads
07How North Korea-Russia ties will challenge next US president, no matter who wins
08What to make of the stunning collapse in value of North Korean won

Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines

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Min Chao Choy