Economics
Amazon Discloses Iranian Business Ties, Warns of Penalties
- Company sold products to individuals, groups linked to Iran
- Amazon reported the transactions to the U.S. government
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Amazon.com Inc. on Friday disclosed Iranian business ties that may have violated U.S. sanctions, warning that it may be penalized 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).”