Amazon Agrees To Settle US Sanctions Charges Over Sales To Crimea, Iran - Treasury
Sumaira FH Published July 09, 2020 | 12:30 AM
WASHINGTON (UrduPoint News / Sputnik - 09th July, 2020) Amazon agreed to pay a fine to settle alleged violations of multiple US-imposed sanctions regimes including selling goods to Russia's Crimea, Iran and Syria, the Department of the Treasury's Office of Foreign Assets Control (OFAC) said on Wednesday.
"Amazon.com... has agreed to pay $134,523 to settle its potential civil liability for apparent violations of multiple OFAC sanctions programs," OFAC said in a statement. "Amazon provided goods and services to persons sanctioned by OFAC; to persons located in the sanctioned region or countries of Crimea, Iran, and Syria."
The Seattle-based e-commerce giant, according to OFAC, also sold to individuals located in or employed by the foreign missions of sanctioned countries.
Violations came as a result of "deficiencies related to Amazon's sanctions screening processes," the release said.
Amazon also failed to timely report several hundred transactions conducted pursuant to a general license issued by OFAC that included a mandatory reporting requirement, OFAC added.
It explained that a modest penalty amount reflects a determination that Amazon's apparent violations were "non-egregious and voluntarily self-disclosed." The company also implemented "significant remedial measures" upon discovery, according to the statement.
Recent Stories
Food minster for ensuring transparent distribution of Bardana
Russia says has evidence Moscow attackers were linked to Kyiv
PM chairs review meeting on stoppage of electricity theft
IPM survey proves biocontrol technology profitable for cotton farmers
Pandemic accord talks heading for extra time
Senate elections in KP hang on reserve seat oath-taking, states ECP
UK's biggest water supplier plunges into deeper financial crisis
DG SEPA for installation of waste water treatment facilities
Man gets life imprisonment for killing wife
French parliament condemns 1961 Paris massacre of Algerians
First Inter Schools Naat Competition held in Larkana
S.Africa electoral body bars ex-president Zuma from May election
More Stories From World
-
Russia says has evidence Moscow attackers were linked to Kyiv
60 minutes ago -
Pandemic accord talks heading for extra time
1 hour ago -
UK's biggest water supplier plunges into deeper financial crisis
59 minutes ago -
French parliament condemns 1961 Paris massacre of Algerians
59 minutes ago -
S.Africa electoral body bars ex-president Zuma from May election
59 minutes ago -
'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML
3 hours ago
-
Bulgaria thrown into fresh political turmoil as snap elections loom
3 hours ago -
China-India hold meeting to discuss border affairs in Beijing
3 hours ago -
French bill seeks to ban hair discrimination affecting black women
3 hours ago -
China willing to work with Pakistan to enhance capability of tackling security challenges: Col Wu Qi ..
3 hours ago -
Pakistan to bring perpetrator of Dasu terrorist attack to justice soon: Lin Jian
4 hours ago -
Financial crisis at UK's biggest water supplier worsens
4 hours ago