Indonesian Company Fined $1.5 Million for Trade-Related Violations
An Indonesian paper product manufacturer agreed to a fine of more than $1.5 million in order to settle charges related to bank fraud involving trade with North Korea, the Justice Department said Jan. 17. The company, PT Bukit Muria Jaya…
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(BMJ), also entered into a settlement agreement with the Treasury Department and was fined more than $1 million by the Office of Foreign Assets Control for violating U.S. sanctions (see 2101140045). The Justice Department said BMJ admitted to the violations and agreed to implement an improved compliance program, as part of a deferred prosecution agreement. OFAC said it planned to credit the penalty money owed by BMJ once the company completes payment of its fine to the Justice Department.