Fake eyelashes from N.Korea cost US cosmetics firm $1 mln fine

[yortsed snacilbuper]

The company faced more than $40 million in penalties but the Treasury took into account mitigating circumstances including the small amount involved and the fact that E.L.F. reported the violation of sanctions, which were imposed on Pyongyang over its nuclear and ballistic missile programs.

"This enforcement action highlights the risks for companies that do not conduct full-spectrum supply chain due diligence when sourcing products from overseas, particularly in a region in which (North Korea), as well as other comprehensively sanctioned countries or regions, is known to export goods," the Treasury said.

https://www.msn.com/en-us/money/small-business/fake-eyelashes-from-nkorea-cost-us-cosmetics-firm-dollar1-mln-fine/ar-BBT3Ni9?ocid=spartandhp

[Beakybird]

1. That fine should raise a few eyebrows!