13 Feb 2017
Amazon on Friday disclosed Iranian business ties that may have violated US sanctions, warning that it may be penalised after a regulatory review of the activities.
The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered by the Iran Threat Reduction and Syria Human Rights Act (ITRA).”
Amazon said it reported the transactions to the US Treasury Department’s Office of Foreign Assets Control and the Department of Commerce’s Bureau of Industry and Security. The world’s biggest e-commerce retailer said it will cooperate with a review by the agencies, and added that this could result in “penalties,” according to the filing.
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