The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) assessed a $4.1 million fine against Berkshire Hathaway on Tuesday for “egregious” violations of sanctions against Iran committed by a subsidiary in Turkey.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...