Financial Crime: British American Tobacco hit with $635 million sanctions fine for selling smokes to North Korea

Here’s one way to burn through money.

British American Tobacco has reached a settlement with the U.S. government to pay over $635 million in fines for selling cigarettes in North Korea, using secret intermediaries to sidestep sanctions, the company and U.S. authorities said.

As part of the agreement, the London-based company — which is one…