Cosmetics company violated OFAC’s North Korea sanctions
The Treasury Department’s Office of Foreign Assets Control fined a California-based cosmetics company nearly $1 million for importing fake eyelash kits that contained materials from North Korea.
The imports by e.l.f. Cosmetics, Inc. (or ELF) violated OFAC’s North Korea Sanctions Regulations.
ELF found the North Korea-sourced materials in 156 shipments of false eyelash kits that it bought from two suppliers in China.
The total value of the tainted shipments was $4.4 million.
The FCPA Blog
http://www.fcpablog.com/blog/2019/2/1/cosmetics-company-violated-ofacs-north-korea-sanctions.html
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