October 19, 2019
Cosmetics company fined almost USD$1 million for North Korea sanctions violation
U.S.-based group made a voluntary disclosure of violations once discovered

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