PayPal will pay $ 7.7 million fine for violating US sanctions
The PayPal payment system will pay a $ 7.7 million fine for violating the regime of US sanctions against Iran, Cuba and Sudan, RBC reports .
The US Treasury accused the payment system of neglecting transaction control and in 486 cases of violations of US law that had been observed for several years until 2013.
PayPal ignored the warnings and processed the payments of a Turkish citizen who was blacklisted “for the trade in weapons of mass destruction” for $ 7,000. The state treasury considered this case an incredibly blatant violation of sanctions.
')
American companies do not have the right to do business with people whom the US authorities consider to be enemies. PayPal ignored six warnings of potential US blacklists.
The US Treasury accused the payment system of neglecting transaction control and in 486 cases of violations of US law that had been observed for several years until 2013.
PayPal ignored the warnings and processed the payments of a Turkish citizen who was blacklisted “for the trade in weapons of mass destruction” for $ 7,000. The state treasury considered this case an incredibly blatant violation of sanctions.
')
American companies do not have the right to do business with people whom the US authorities consider to be enemies. PayPal ignored six warnings of potential US blacklists.
Source: https://habr.com/ru/post/287038/
All Articles