By Jeff Dale2023-04-20T16:34:00
Taiwan-based DES International Co. and Brunei-based Soltech Industry Co. each agreed to pay fines of $83,769 after pleading guilty to Department of Justice (DOJ) charges of conspiring to violate U.S. export laws and sanctions by sending U.S.-origin goods to Iran.
The two business organizations were affiliated with each other through common directors, employees, and customers, the DOJ said in a press release Tuesday.
The companies procured goods from the United States for the benefit of Iranian government entities and business organizations, the DOJ said, with a sales agent for both DES and Soltech helping an Iranian research center obtain U.S. goods without a license from the U.S. Treasury Department.
2023-05-05T18:26:00Z By Aaron Nicodemus
The United States is preparing to issue sanctions on individuals and entities it considers responsible for perpetrating civil unrest in Sudan.
2023-03-30T21:05:00Z By Aaron Nicodemus
Wells Fargo will pay nearly $98 million to settle charges a subsidiary facilitated more than $532 million worth of prohibited transactions in violation of sanctions against Iran, Syria, and Sudan.
2022-11-28T21:05:00Z By Aaron Nicodemus
Virtual currency exchange Kraken will pay a fine of approximately $362,159 to settle charges it violated U.S. sanctions against Iran, according to the Treasury Department’s Office of Foreign Assets Control.
2025-08-21T18:58:00Z By Oscar Gonzalez
The Federal Trade Commission filed a complaint against LA Fitness’ parent companies, citing difficulties canceling memberships, a month after a court blocked the agency’s click-to-cancel rule.
2025-08-20T21:22:00Z By Adrianne Appel
CVS’s Caremark division knowingly overcharged Medicare for prescription drugs and must pay nearly $290 million, a Pennsylvania federal judge has ordered.
2025-08-18T14:12:00Z By Oscar Gonzalez
The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.
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