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Alibaba, payment processor to pay $600M to resolve sales probe

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Alibaba and ​its U.S.-based payment processor, AUS Merchant Services, agreed to pay $600 million to resolve a sales probe.

The companies failed to prevent illegal drugs sales, according to the U.S. Justice Department.

The companies entered into non-prosecution agreements over alleged violations of the U.S. Federal Food, Drug, and Cosmetic Act.

Read more from Reuters.

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