The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $4,144,651 settlement with Berkshire Hathaway, Inc. for 144 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), between December 2012 and January 2016. OFAC determined that Berkshire voluntarily self-disclosed the apparent violations on behalf of Iscar...

OFAC - Office of Foreign Asset Control

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $4,144,651 settlement with Berkshire Hathaway, Inc. for 144 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), between December 2012 and January 2016. OFAC determined that Berkshire voluntarily self-disclosed the apparent violations on behalf of Iscar Turkey, and that the apparent violations constitute an egregious case.

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Published on Oct. 20th, 2020 Published on Oct. 20th, 2020

Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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Sept. 20th, 2021

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