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BUSINESSJul 1 · 20:14 UTCWPLG LOCAL 10 MIAMIBy FATIMA HUSSEIN, Associated Press

Alibaba to pay US $600M to settle allegations it allowed illegal drug and equipment sales

Alibaba will pay $600 million to the U.S. government to settle allegations that its platforms facilitated the sale and import of illegal pharmaceuticals, controlled substances, and equipment. The company acknowledged failing to prevent approximately 80,000 unlawful imports between 2016 and 2024 through its payment processor, AUS Merchant Services.

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Mentioned
AlibabaorganizationAUS Merchant Services Inc.organizationU.S. governmentorganizationAlibaba.comtopicAliExpress.comtopicFederal Food, Drug, and Cosmetic ActtopicIRS Criminal InvestigationsorganizationJustice Departmentorganization
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