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Jakarta, CNBC Indonesia – Indonesian company PT Bukit Muria Jaya (BMJ), a cigarette paper supplier manufacturer based in Teluk Jambe, West Java, was fined up to US $ 1.5 BMJ is said to have conspired to commit bank fraud by ship products to customers in North Korea (North Korea).
The company also agreed to comply with a Deferred Prosecution Agreement (DPA) with the US Department of Justice. This includes entering into a settlement agreement with the Office of Foreign Assets Control (OFAC) of the US Treasury. .
According to an official statement from the United States Department of Justice, BMJ recognized and accepted its responsibility for the crime it had committed. The company agreed to pay a fine commensurate with the crimes it committed.
“Through sophisticated means and illegal multinational schemes, BMJ deliberately hides the actual types of transactions so that its products can be sold to North Korea,” Assistant Attorney General for National Security John Demers was quoted as saying Tuesday (20 / 1/2021).
“The BMJ tricks US banks into processing payments in violation of our sanctions against North Korea. The imposition of a strict sanctions regime puts pressure on North Korea to refrain from dangerous and conflictive activities, including the proliferation of weapons. of mass destruction. The US Department of Justice in the hope that one day North Korea will rejoin the community of nations. “
Based on the statement of facts agreed to in the DPA, BMJ partially acknowledged that they were selling products to two North Korean companies and one Chinese trading company despite knowing that these products were destined for Kim Jong Un’s country. At the time, U.S. sanctions against North Korea prevented correspondent banks in the United States from processing interbank money transfers in other countries on behalf of clients located in the hermit country.
After learning that a North Korean customer was having difficulty making payments to BMJ, the company agreed to accept third-party payments unrelated to the transaction. Receiving payments from third parties will prevent them from monitoring the sanctions and compliance systems of US banks so that they are motivated to conduct illicit transactions.
Assuming that the BMJ will continue to comply with the DPA, the US government agreed to postpone the prosecution for a period of 18 months. After that period of time, the United States government will study the possibility of dropping the charges.
According to the Acting United States Attorney General for the District of Columbia, Michael R. Sherwin, the BMJ deliberately misled American banks and damaged the integrity of the country’s financial system.
“We want to convey to all people and businessmen who intend to undertake a similar scheme to violate the US sanctions against North Korea, that the use of large companies and fraudulent invoices will not protect … We will find it and we will sue it,” he explained.
Previously, the FBI itself directly led this investigation. “The sanctions against North Korea are designed to protect the international community,” said Alan E. Kohler, Jr., deputy director of the FBI’s Counterintelligence Division.
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