Marketplace giant Amazon will pay approximately $135,000 as part of a settlement with the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Wednesday with regard to apparent sanctions violations derived from deficient screening processes.
The apparent violations were deemed “non-egregious” by OFAC, and Amazon voluntarily self-disclosed the incident in addition to cooperating with the subsequent investigation. The penalty amount is equal to the sum of half the transaction value for each apparent violation.
