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

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Iran’s Regime Is Hiding Human Rights Violations In Its Prisons

With more than four months into Iran’s latest round of nationwide uprisings, the brutality of the Iranian regime’s security...

How Internet Censorship Is Damaging Iran’s Economy

While in the last four months, internet access in Iran has been cut off or severely limited, the regime’s...

Iran Regime’s Upcoming Budget Bill Will Lead To More Protests

On January 12, the Iranian regime’s president Ebrahim Raisi handed over the country’s budget bill to the parliament.  According...

Must read

Iran: Over $9.5 Billion for Importing Strange Goods

By Jubin Katiraie In recent years, unemployment has been...

US still seeks diplomatic resolution of Iran row: Rice

AFP: US Secretary of State Condoleezza Rice said Wednesday...

You might also likeRELATED
Recommended to you