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Arbinet Corporation

Arbinet Corporation

Industry: 
Telecommunications
Value of USG Contracts: 
2
Symbol: 
NASDAQ:ARBX
States: 
VA
Country: 
USA
Sources: 

In their 2010 10-k forms for the SEC, Arbinet Corp. disclosed few details regarding their business in Iran.

“As a worldwide exchange of international communications traffic, we do a small amount of business with telecommunications carriers in Iran and Sudan representing approximately 0.1% of annual revenues in 2006 and 2007 and approximately 0.4% of our annual revenues in 2008. We believe our business dealings with the telecommunications carriers in Iran are permitted transactions under the applicable U.S. sanctions regimes administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), which permits certain transactions related to the receipt and transmission of telecommunications involving those countries. To our knowledge, we have no agreements with the government of Iran. We take seriously our obligation to comply with all applicable laws and regulations, including OFAC sanctions programs, and have a comprehensive OFAC compliance program, including training for key employees and written policies and procedures." (10-K for ARBINET Corp, 3/17/2010)