Your current location:HOME >business >Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations 正文
TIME:2024-04-20 15:49:17 Source: Internet compilationEdit:business
WASHINGTON (AP) — A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.
WASHINGTON (AP) — A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday.
SCG Plastics Co. used U.S. banks to process $291 million in sales of Iranian high-density polyethylene resin from 2017 to 2018, according to the signed settlement agreement between the firm and Treasury’s Office of Foreign Assets Control.
The resin, used for product bottles and industrial items, was manufactured by an Iranian joint venture owned in part, by SCG Plastics’ parent company, SCG Chemicals and the National Petrochemical Company of Iran, which is a government entity.
The settlement states that SCG Plastics used “shipping and documentation practices that obfuscated the product’s Iranian origin and Iranian parties’ involvement,” which caused banks to unknowingly process transfers in violation of OFAC’s sanctions on Iran.
Mariah Carey turns heads in a dramatic gold floor2024-04-20 15:42
In pictures: 2024 Rātana celebrations2024-04-20 15:13
Cyclone Gabrielle: Helicopter pilot recalls emotions, panic during rescue operation2024-04-20 15:00
OneFour: How drill music trailblazers have divided Australia2024-04-20 14:31
Texas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court says2024-04-20 14:30
West Coast Regional Council "closely monitoring" Taylorville Resource Park2024-04-20 14:11
Israel raids main Gaza hospital as Rafah concerns grow2024-04-20 13:42
Christopher Luxon tells team to fact2024-04-20 13:35
Meghan Markle models 'love like a mother' t2024-04-20 13:25
National and Labour defend Te Papa's right to display English version of Treaty of Waitangi2024-04-20 13:07
Pennsylvania board's cancellation of gay actor's school visit ill2024-04-20 15:47
NZ report card 2023: near the top of the class in some areas, bottom in others2024-04-20 15:39
Man who died in Gisborne mass brawl was celebrating his birthday2024-04-20 15:02
EDITORIAL: China should walk the talk with what it says on foreign policy2024-04-20 14:34
A former Russian tycoon who once led separatist region launches a hunger strike in Azerbaijan jail2024-04-20 14:03
Israel raids main Gaza hospital as Rafah concerns grow2024-04-20 13:39
Chinese satellite launch sparks 'missile' fears in Taiwan2024-04-20 13:32
Senior Labour MP ordered to take down ‘gross’ social media posts2024-04-20 13:15
US sanctions fundraisers for extremist West Bank settlers who commit violence against Palestinians2024-04-20 13:10
Work to begin on Nelson road badly damaged in 2022 floods2024-04-20 13:03