Home / Corporate Crime

Legal News

Amazon pays US$ 134,523 settlement to OFAC

Copyright © 2025 LexisNexis

Published on: 09 July 2020

Published by LNB News

LNB News 09/07/2020

Document Information

Issue Date: 09 July 2020

Published Date: 09 July 2020

Jurisdiction(s): United Kingdom

Article summary

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a US$ 134,523 settlement with Amazon.com, Inc (Amazon). Amazon will pay the amount in settlement of its potential liability for ‘apparent violations of multiple OFAC sanctions programs’. Due to deficiencies in Amazon’s sanctions screening processes, Amazon provided goods and services to individuals sanctioned by OFAC, individuals located in sanctioned regions or countries and individuals employed by the foreign missions of countries sanctioned by OFAC. Additionally, Amazon did not comply with a general license with a requirement of mandatory reporting.

Popular documents

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of