OFAC SETTLEMENT AGREEMENT WITH AMAZON.COM INC

On 8 July, OFAC announced a $134,523 settlement with Amazon.co​m Inc. It is said that 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. Amazon also failed to timely report several hundred transactions conducted pursuant to a general license issued by OFAC that included a mandatory reporting requirement.

https://content.govdelivery.com/accounts/USTREAS/bulletins/2949e27

https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20200708_amazon.pdf

 

 

 

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at “Buy me a Coffee” – https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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