Category: IRAN

Italian Company to Pay $950,000 for selling US-Origin Parts to Iran

The company agreed to pay $950,000 to settle its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR) Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the… Continue Reading “Italian Company to Pay $950,000 for selling US-Origin Parts to Iran”

USA: BIS fines German Aircraft Services provider, suspends export privileges for procuring parts to Iran

BIS fines German company & issues 3 years suspended export ban for Iran sanctions violations Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the content. To continue reading, please login or Register… Continue Reading “USA: BIS fines German Aircraft Services provider, suspends export privileges for procuring parts to Iran”

OFAC fines Warren Buffett’s Berkshire Hathaway $4.2 million for Iran sanctions violations

OFAC fined Warren Buffett’s company, Berkshire Hathaway, $4.2 million after its Turkish subsidiary (Iscar Turkey) knowingly violated the US sanctions against Iran. Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the content. To continue reading, please… Continue Reading “OFAC fines Warren Buffett’s Berkshire Hathaway $4.2 million for Iran sanctions violations”