Richemont North America Inc. settles for $334,800

Yesterday, the US Treasury Department's Office of Foreign Assets Control (OFAC) has announced civil penalty on Richemont North America, Inc., also the owner of the Cartier luxury brand. The Cartier company has already been blocked by OFAC for shipping jewelry to Shuen Wai Holding Limited in Hong Kong.

And now, Richemont North America, Inc. has agreed to pay $334,800 to settle for violations of the Foreign Narcotics Kingpin Sanctions Regulations.

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