Saturday, February 11, 2017

Amazon may face penalties for doing business with Iran while sanctions were in effect

 Jeff Bezos CEO Amazon, Steve Jurvetson, Creative Commons

Very disappointed to hear this news especially because I use Amazon all the time. 
I love Amazon!  It's a great American company that should have known better.   

Fox News reports Amazon, the internet retail giant, disclosed in a filing Thursday that it “processed and delivered” a variety of consumer products to unidentified groups and individuals outside Iran but controlled or owned by the Iranian government, a Bloomberg report said.

Amazon said the goods sold included a range of products, from pet food to software. Amazon, in a regulatory filing, warned that review could result in “penalties,” the report said.

The company reportedly said the orders took place for about four years and may have violated U.S. sanctions. The company reportedly alerted the U.S. Treasury Department’s Office of Foreign Assets Control and the Department of Commerce’s Bureau of Industry and Security about the dealings, and is cooperating with the review.

The Seattle Times reported that the orders included a $2,400 in consumer products to an entity controlled by Tehran's government, and $1,300 in consumer products to a person subjected to sanctions by an executive order.

More here

Amazon may face backlash from consumers not as forgiving as I am.