Nasdaq, Inc.

HQ Country of Company:
USA
Agency:
Department of Treasury
Location of Sentencing:
Washington D.C.
Date:
Description:

In December 2023, Nasdaq, Inc. reached a settlement with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) over apparent violations of Iran sanctions by its former wholly owned subsidiary, Nasdaq OMX Armenia. The violations involved the subsidiary providing services to Iran and the Government of Iran, resulting in 151 apparent violations of OFAC sanctions.

Nasdaq agreed to pay $4,040,923 to settle these potential civil liabilities. The settlement reflects OFAC's determination that the conduct was non-egregious and was voluntarily self-disclosed by Nasdaq. The violations included facilitating trades and processing payments through the Armenian Stock Exchange platform, which Nasdaq OMX Armenia owned and operated at the time.

Fine:
Total Fine
$4,040,923
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$4,040,923
Source:
OFAC Settles with Nasdaq, Inc. for $4,040,923 Related to Apparent Violations of the Iranian Transactions and Sanctions Regulations Undertaken by Former Armenian Subsidiary
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