Trade and Manufacturing Monitor

News and insight from our international trade practice group
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Tag:  Sojitz HK

Hong Kong Company Pays $5M Fine After Employees Buy and Sell Iranian-Origin Goods Using U.S. Dollars

Terry M. Frederic

Last week, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced a $5,228,298 settlement agreement with Sojitz (Hong Kong) Limited (Sojitz HK) for causing U.S. financial institutions to process…