British American Tobacco disclosed it has set aside 450 million pounds (U.S. $545 million) for the resolution of an investigation into apparent sanctions violations by two U.S. agencies.
The Department of Justice (DOJ) and Treasury Department’s Office of Foreign Assets Control (OFAC) have been probing the cigarette manufacturer since at least 2020, when it first disclosed the matter. British American Tobacco has not provided further detail regarding what potential sanctions it might have violated or when.
