Iran Economy NewsAmazon.com Plans to Stop Dealing With Iran Regime Affiliates

Amazon.com Plans to Stop Dealing With Iran Regime Affiliates

-

Iran Focus

London, 13 Feb – Amazon.com announced it plans to stop selling and delivering goods to Iranian individuals and entities subject to sanctions by the US government.

Tasnim news agency quoted Seattle Times that Amazon.com disclosed this week that it may have violated the law by selling and delivering goods to Iranian individuals and entities covered by U.S. sanctions.

In a securities filing Thursday, the company said it had determined that it sold goods to “certain individuals and entities located outside Iran covered by the Iran Threat Reduction and Syria Human Rights Act (ITRA)” between January 2012 and December 2016.

That act, signed by President Barack Obama in 2012, was aimed at strengthening trade restrictions on Iran to persuade the country to curb its nuclear activities. The law imposes civil penalties against companies that deal with individuals on the government’s sanctions list.

The U.S. lifted some of the sanctions after JCPOA.

Amazon’s disclosure follows a similar admission last year that it sold about $100,000 worth of products to Iranian customers who were subject to U.S. government sanctions. The items included books, apparel, home and kitchen items, and pet products, among other items.

Amazon said it planned to stop selling to those accounts. “Our review is ongoing and we are enhancing our processes designed to identify transactions associated with individuals and entities covered by the ITRA,” the company said in its filing.

The company said it has reported the orders to the U.S. Treasury and the Commerce Department. Amazon added it would cooperate fully with the US agencies.

 

Latest news

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing the Iranian regime's actions, the United States House of Representatives...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic Energy Agency (IAEA), has stated that Iran is just weeks...

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper regarding poverty rate data, a 10% increase in the poverty...

Iran: 9 Prisoners Executed in One Day

The Iranian regime executed five prisoners in Kerman prison and two prisoners in Chabahar prison on April 21. At...

Iran’s Regime Publishes Misleading Information About Unemployment Rate

The state-run Donya-e-Eqtesad newspaper has criticized the "statistic manipulation" employed by Iran's regime in its economic reports, stating that...

Regime Authorities Prevent Students From Entering Tehran Polytechnic University

Simultaneously with the implementation of the "Noor Plan" in Iran, which started on Saturday, April 20, to deal with...

Must read

Iran’s Revolutionary Guards fire rockets near US warships – US

Iran Focus London, 30 Dec - Iranian Revolutionary Guards...

U.S. pursuing increased pressure on Iran

Reuters: Senior U.S. officials will consult allies in Europe...

You might also likeRELATED
Recommended to you