Region: Iran, Islamic Republic of

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 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

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

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

Food safety company Neogen says that it is under investigation by the Treasury Department over potential violations of US sanctions on Iran.

02 August 2021

The US Treasury Department’s recent case against the UAE-based subsidiary of a Swedish heavy industries company signals an increasingly aggressive approach towards foreign companies involved in sanctions-busting schemes.

27 July 2021

Cryptocurrency finance company Circle Internet Financial is under investigation by the Treasury Department for potential violations of US sanctions, including on Iran.

20 July 2021

The Middle Eastern arm of Sweden’s Alfa Laval was penalised for misleading a separate unit of the company into illegally shipping goods to Iran.

19 July 2021

21 June 2021

The US Commerce Department has fined a Portland-based package forwarding company and ordered it to appoint an external compliance auditor for illegally shipping rifle scopes to Iran and China.

18 June 2021