Iran Violations and Penalties Tracker

UANI's Iran Corporate Penalties Tracker is the only database documenting corporate violations and penalties specifically relating to Iran. It covers more than 500 civil and criminal cases settled by the U.S. Department of Justice and federal agencies. The total monetary amount paid out in fines by companies for Iran violations exceeds $19 billion.

The Tracker highlights the importance for companies to continue to adopt the most rigorous standards of enhanced due diligence (EDD), know your customer (KYC) and know your customer's customer standards (KYCC).

Existing KYC standards are currently used to protect businesses from engaging directly with sanctioned individuals and entities. However, ties to Iranian sanctioned entities may still occur indirectly. In particular, customers' customers may be engaging in questionable or unlawful behaviour, including money laundering, terror financing and sanctions evasion. This leaves a dangerous sanctions gap that should be plugged so sanctions can have their full intended effect.

It also puts companies at significant risk of reputational damage and - as the Tracker indicates - liable for massive financial penalties and even prison time.

Type Company/Individual Country Total Fine Amount Sort ascending Date of Charge
Financial Institution BNP Paribas SA (BNPP) France $8,973,600,000
Telecommunications Zhongxing Telecommunications Equipment Corporation (ZTE) China $1,400,000,000
Financial Institution UniCredit Group Italy $1,300,000,000
Telecommunications Zhongxing Telecommunications Equipment Corporation (ZTE) China $1,290,871,266
Financial Institution HSBC Holdings plc United Kingdom $1,256,000,000
Financial Institution Standard Chartered Bank United Kingdom $1,241,460,353
Financial Institution ING Bank NV Netherlands $619,000,000
Financial Institution Credit Agricole Corporate and Investment Bank (CA-CIB) France $575,893,585
Financial Institution ABN AMRO BANK (now known as Royal Bank of Scotland) Netherlands $500,000,000
Energy Weatherford International Ltd USA $352,690,606
Financial Institution Credit Suisse AG Switzerland $304,000,000
Financial Institution Barclays Bank PLC United Kingdom $298,000,000
Financial Institution Commerzbank AG Germany $258,660,796
Energy Schlumberger Oilfield Holdings Ltd. USA $232,708,356
Financial Institution Standard Chartered Bank United Kingdom $227,000,000
Financial Institution Lloyds TSB Bank, plc United Kingdom $175,000,000
Financial Institution Clearstream Banking SA Luxembourg $152,000,000
Financial Institution UBS AG Switzerland $100,000,000
Financial Institution Wells Fargo Bank, N.A. USA $97,800,000
Financial Institution JP Morgan Chase Bank USA $88,300,000
Financial Institution Industrial Bank of Korea (IBK) South Korea $86,000,000
Financial Institution Societe Generale SA France $53,966,916
Energy Weatherford International LTD., Weatherford Oil Tool Middle East LTD., Weatherford Production Optimisation (UK) LTD., Precision Energy Services ULC and Precision Energy Services Colombia LTD Ireland $50,000,000
Industrial Unitrans International Inc. USA $45,000,000
Financial Institution ABN AMRO BANK (now known as Royal Bank of Scotland) Netherlands $40,000,000
Financial Institution Royal Bank of Scotland plc Scotland $33,000,000
Maritime Nordic Maritime Pte. Ltd. Singapore $31,425,760
Imaging Equipment FLIR Systems, Inc. USA $30,000,000
Energy National Oilwell Varco, Inc (and subsidiaries Dreco Energy Services, Ltd. & NOV Elmar) USA $27,500,000
Financial Services Bittrex, Inc. USA $24,280,829
Aviation Balli Aviation Ltd United Kingdom $17,000,000
Telecommunications CSE TransTel Pte. Ltd Singapore $12,027,066
Technology RH International LLC, Nexiant LLC and P&P Computers LLC USA $10,000,500
Individuals Nader Modanlo USA $10,000,000
Conglomerate 3M USA $9,618,477
Financial Institution Joint-Stock Commercial Bank "Bank of Moscow" Russia $9,492,525
Transportation DPWN Holdings (USA), Inc & DHL Express (USA), Inc. USA $9,444,744
Financial Institution Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) Japan $8,571,634
Financial Services PayPal Inc. USA $7,658,300
Pharmaceuticals Alcon Laboratories, Inc., Alcon Pharmaceuticals Ltd & Alcon Management, SA USA $7,625,250
Technology Poloniex, LLC USA $7,591,630
Logistics Toll Holdings Limited Australia $6,131,855
Financial Institution JP Morgan Chase Bank USA $5,263,171
Conglomerate Sojitz Japan $5,228,298
Manufacturing Danfoss A/S Denmark $4,379,810
Agriculture PanAmerican Seed Company USA $4,320,000
Insurance Berkshire Hathway USA $4,144,651
Electronics Epsilon Electronics, Inc USA $4,073,000
Chemicals Murad LLC USA $3,509,286
Energy Yantai Jereh Oilfield Services Group Co., Ltd. China $3,374,972