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 Rising Cost of Food in Iran; Hidden Pressure on Large Families

The state-run magazine Niniban published a report on April 29 regarding rising food prices. The report stated: “This is...

Four Decades of Bitter Narratives: May Day as a Day of Wrath, Not Celebration, for Iran’s Workers

Does International Workers’ Day represent a celebration of dignity and status for Iran’s labor force? Do they gather in...

Iran Intensifies Pressure on Families of PMOI Prisoners Amid Expanding Crackdown

Iranian authorities have intensified pressure on the families of political prisoners and executed dissidents in recent weeks, with multiple...

Iran: A Dangerous Country for Journalists

According to Reporters Without Borders (RSF), the state of press freedom worldwide has fallen to its lowest level in...

Iran’s Car Market Experiences Sharp Surge in Prices Afte War-Induced Stagnation

Media outlets in Iran report that the prices of many domestically produced cars have increased by 3 billion to...

UN Officials Call for a Halt to Executions and Repression in Iran

Volker Türk, the United Nations High Commissioner for Human Rights, in a statement published on April 29, strongly condemned...

Must read

Iran says attack on atomic sites to be ‘start of war’

Bloomberg: Iran will view an attack on its nuclear...

Can a nuclear Iran and war be stopped?

Washington Post: The world’s attention is focused on Russia, but...

You might also likeRELATED
Recommended to you