Amazon Fined for Violating U.S. Sanctions on Iran, Syria, Crimea

Bezos can’t get away with this crap anymore. There’s a new sheriff in town.

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Amazon Fined for Violating U.S. Sanctions on Iran, Syria, Crimea
By Adam Kredo | JULY 8, 2020

(freebeacon.com) – Online retailer Amazon has agreed to pay the U.S. government $134,523 for violating sanctions on Iran, Syria, and Crimea, according to the Treasury Department.

The fines were issued as part of Amazon’s admission that it may be civilly liable “for apparent violations of multiple [U.S.] sanctions programs” administered by the Treasury Department’s Office of Foreign Assets Control (OFAC), the Trump administration announced on Wednesday.

“As a result of deficiencies related to Amazon’s sanctions screening processes, Amazon provided goods and services to persons sanctioned by OFAC; to persons located in the sanctioned region or countries of Crimea, Iran, and Syria; and to individuals located in or employed by the foreign missions of countries sanctioned by OFAC,” the Treasury Department said in a statement.

Amazon also failed to report “several hundred transactions” that ran afoul of U.S. sanctions, as the company was obligated to do…

READ MORE:

freebeacon.com/latest-news/amazon-fined-for-violating-u-s-sanctions-on-iran-syria-crimea/

Second news source.

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Amazon hit with fine over US sanction violations
Fine could have exceeded $1B

By Evie Fordham | July 8, 2020

(foxbusiness.com) – Amazon will pay $134,523 after violating U.S. sanctions by selling goods to people in Crimea, Iran and Syria, although the low penalty amount reflects “that Amazon’s apparent violations were non-egregious and voluntarily self-disclosed,” the Treasury Department said Wednesday.

Amazon agreed to settle with the Treasury Department’s Office of Foreign Assets Control after selling goods to sanctioned individuals, individuals located in or employed by the foreign missions of Cuba, Iran, North Korea, Sudan and Syria and failing to report several hundred transactions in a timely manner.

The violations took place between 2011 and 2018.

The Treasury Department said Amazon has already taken steps to fix its automated system that flags possible sanctions violations. The monetary penalty could have exceeded $1 billion…

READ MORE:

www.foxbusiness.com/technology/amazon-economic-sanctions-treasury-department

 

h/t Fist