Amazon will pay a large fine for delivery of goods to Amazon

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US companies prohibit doing business in US-approved areas

Amazon will pay a large fine for delivery of goods to Amazon. Photo: blog .aboutamazon.de

The world’s largest online retailer, Amazon, will pay a fine of $ 134.523 thousand to resolve claims by US authorities related to the company’s violation of several programs of US sanctions.

The Office of Foreign Assets Control (OFAC) notes that “due to deficiencies in Amazon.com’s automated restriction tracking system, the company has delivered goods and services subject to sanctions programs in OFAC approved customers, regions or countries, including Are “Crimea, Iran and Syria, as well as individuals who are or work in foreign missions to states under US sanctions.”

It has been reported that between November 2011 and October 2018, people in Crimea, Iran and Syria placed orders for goods and services on Amazon. Also, in the transaction details, it was clearly seen that the distribution would be done in areas under US sanctions, the regulator said in a statement.

Amazon has also accepted and processed orders from people working in Cuba, Iran, North Korea, Sudan and Syria. The total amount of the transaction, distributed to individuals under various OFAC restrictions, amounted to approximately $ 269 thousand.

Since Amazon had voluntarily informed the regulator of several violations, OFAC did not impose the maximum penalty prescribed by applicable law to the company, but decided to limit it to half the amount of transactions concluded with breach of sanctions.

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Earlier it was reported that according to the trading results on July 6, the value of Amazon’s shares reached a record high, exceeding $ 3 thousand. Since the beginning of the year, the price of the company’s securities has risen by about 60%.

Read: Amazon – 26: Top facts about the company in an infographic

According to the material interfax.com.ua

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