Region: Iran, Islamic Republic of

OFAC fines email gift card issuer

OFAC issued new guidance for businesses supplying “instant payment systems” after finding that Tango Card committed thousands of potential sanctions breaches, racking up a maximum penalty of $9.2 billion.

03 October 2022

US adds Iranian aircraft to export controls violations list

20 September 2022

Reuters: Binance allowed Iranian trades despite US sanctions and internal ban

12 July 2022

US national convicted of shipping tech to Iran’s central bank

A dual US and Iranian citizen has admitted shipping software and radio parts to Iran in breach of US sanctions and export controls.

29 June 2022

Retired businessman ordered to pay £700,000 in rare UK export control case

A London court has ordered a retired businessman to forfeit criminal proceeds from a scheme to send fighter jet parts to Iran in violation of arms controls.

09 June 2022

Freight company settles with OFAC for $6 million

OFAC said Toll Holdings’ compliance measures “failed to keep up with the pace and complexity of its growing operations”.

25 April 2022

Huawei CFO settles with US in sanctions case

Meng Wanzhou, the CFO of Chinese telecoms company Huawei, on 24 September resolved allegations that she violated US sanctions laws, paving the way for her to be freed from detainment in Canada.

24 September 2021

OFAC penalises Texas video production company over Iran sales

OFAC said that NewTek erroneously believed that it could sell its products to Iran provided they weren’t shipped directly to the country.

10 September 2021

US sanctions enforcer dings Romanian bank and US private equity company

OFAC said that the issue stemmed from First Bank’s erroneous belief that US sanctions don’t apply to companies operating outside the country.

31 August 2021

Iron Mountain reports data destruction in US sanctions probe

Information management company Iron Mountain says that it has mistakenly destroyed material related to a US sanctions probe focused on its dealings with Iranian entities.

09 August 2021

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