# singapore dollars to usd

Treasury Announces $508 Million Settlement with British American Tobacco Largest Ever Against Non-Financial Institution » Half-Billion Dollar Fine Issued for Apparent Violations of North Korea and WMD Sanctions   WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a $508 million settlement agreement with London-headquartered British American Tobacco p.l.c. (BAT) to resolve its apparent violations of U.S. sanctions on the Democratic People’s Republic of Korea (DPRK) and proliferators of weapons of mass destruction (WMD). This settlement is OFAC’s largest ever with a non-financial institution and reflects the statutory maximum penalty. OFAC’s investigation found that BAT, one of the world’s largest tobacco companies, engaged in a seven-year conspiracy from 2009 to 2016 to send over $250 million in profits from a North Korean joint venture through U.S. financial institutions by relying on designated North Korean banks and a variety of intermediaries. BAT’s Singaporean subsidiary also exported tobacco to the North Korean Embassy in Singapore until 2017, using unw Home.treasury.gov

SK On-Ford JV BlueOval SK secures up to USD 9.2 billion of DOE Loan Conditional Commitment » SK On, a leading electric vehicle (EV) battery manufacturer, announced on June 23 (KST) its joint venture with American auto giant Ford Motor Company, BlueOval SK was offered a conditional commitme… Skinnonews.com

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India » Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Reuters.com

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