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Amazon will pay US authorities 134.5 thousand dollars for violation of sanctions against Crimea, Iran and Syria

Amazon, the world's largest online retailer, will pay a fine of $ 134,523 to settle claims by US authorities regarding a company’s violation of a number of sanctions programs. This is stated in a statement by OFAC (Office of Foreign Assets Control - Office of Foreign Assets Control, a unit of the US Treasury Department responsible for sanctions enforcement).

OFAC notes that "due to shortcomings in Amazon.com's automated sanctions tracking system, the company has delivered goods and services to OFAC sanctioned customers in regions or countries that are subject to sanctions programs, including Crimea, Iran and Syria, and also to persons who are or work in foreign missions of states under US sanctions. "

Between November 2011 and October 2018, individuals located in the Crimea, Iran, and Syria placed orders for the purchase of consumer goods and services on the Amazon.com platform, and the transaction details clearly showed that delivery would be carried out to regions under US sanctions, the regulator said in a statement.

Amazon.com also accepted and processed orders of people located or working in foreign missions of Cuba, Iran, North Korea, Sudan, and Syria, for which sanctions regimes also apply.

The total amount of transactions, taking into account deliveries to individuals under various OFAC sanctions, amounted to about $ 269 thousand.

Taking into account the fact that Amazon voluntarily notified the regulator of a number of violations, OFAC did not recover the maximum fine from it under the current legislation, but decided to limit itself to half the amount of transactions concluded with violations of sanctions programs.

Amazon.com shares add 1.2% on Wednesday trading.

In 2019, according to the X-Compliance information system, the total amount of fines imposed by OFAC in connection with the violation of sanctions amounted to $ 1.289 billion - this is 18 times more than in 2018. The largest fines for the past year were imposed for violating anti-Iranian sanctions against Standard Chartered Bank ($ 639 million) and UniCredit Bank AG ($ 553 million).

For the I quarter of 2020, the regulator imposed 3 fines in connection with the violation of American sanctions, their total amount amounted to $ 8.967 million. The largest fine - $ 7.8 million - was received by the Swiss company SITA for providing telecommunication and IT services to airlines that are involved in the Specially Designated Nationals List (SDN).

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