ALIBABA GROUP AND AUS MERCHANT SERVICES AGREE TO PAY $600 MILLION TO RESOLVE ALLEGATIONS THAT THEY FAILED TO PREVENT ILLEGAL SALES OF PHARMACEUTICALS, PHARMACEUTICAL EQUIPMENT, AND OTHER ILLEGAL PRODUCTS

WASHINGTON, July 1 -- The U.S. Department of Justice's Criminal Division issued the following news release:

Note: The press release has been updated to clarify that AUS is a subsidiary of Ant Group.

View Alibaba non-prosecution agreement here. View AUS Merchant Services non-prosecution agreement here.

Alibaba Group Holding Limited (Alibaba) - one of China's largest companies - and its U.S.-based payment processor, AUS Merchant Services Inc. (AUS, and formerly known as Alipay US), have entered a non-prosecution agreement to pay $600 million to resolve the Justice Department's allegations that they violated the Federal Food, Drug, and Cosmetic Act (FDCA) by failing to prevent merchants from selling and importing illegal pharmaceuticals, co...