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 Sort descending Country Total Fine Amount Date of Charge
Financial Institution Turkiye Halk Bankasi A.S. (Halkbank) Turkey $ 0
Industrial Tyco Valves & Controls Middle East, Inc. United Arab Emirates $450,905
Technology Ubiquiti Networks, Inc. USA $504,225
Financial Institution UBS AG Switzerland $100,000,000
Individuals Ulrich Davis Netherlands $ 0
Manufacturing UniControl, Inc. USA $216,464
Financial Institution UniCredit Group Italy $1,300,000,000
Medical Equipment United Medical Instruments Inc. USA $515,400
Industrial Unitrans International Inc. USA $45,000,000
Manufacturing Varian, Inc. (Varian AG & Varian Deutschland GmbH) Switzerland $114,958
Manufacturing Varlan Corporation (and subsidiary Precision Scientific, Inc) USA $10,000
Engineering Vesper Corporation USA $23,800
Engineering Viking Corporation USA $22,000
Engineering Viking SA Luxembourg $44,000
Escrow Voipescrow Inc. USA $750
Manufacturing Vonberg Valve, Inc. USA $32,049
Financial Institution Wachovia Bank USA $11,000
Financial Institution Wachovia Bank (on behalf of First Union Bank) USA $18,470
Energy Weatherford International Ltd USA $352,690,606
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
Individuals Weatherford Oil Tool Middle East Limited USA $15,000
Financial Institution Webster Bank (on behalf of Village Bank & Trust) USA $2,823
Financial Institution Wells Fargo USA $67,000
Financial Institution Wells Fargo Bank USA $42,833
Financial Institution Wells Fargo Bank, N.A. USA $97,800,000
Manufacturing Whitford Worldwide Company, LLC USA $824,314
Manufacturing Wilden Pump and Engineering Co LLC USA $700,000
Manufacturing Wilson Tool International, Inc USA $15,000
Manufacturing Wire Pro Incorporated USA $2,932
Medical Equipment World Class Technology Corp (WCT) USA $43,200
Energy World Fuel Services Corp USA $39,501
Agriculture World-Wide Sires Inc USA $5,500
Engineering Worthington Products, Inc. USA $250,000
Trading WSR Corporation USA $1,024
Individuals XVAC USA $10,000
Energy Yantai Jereh Oilfield Services Group Co., Ltd. China $3,374,972
Individuals Yaohong Gong (a.k.a. Ivy Kung) Hong Kong $100
Individuals Yavuz Cizmeci Turkey $50,000
Manufacturing York International Corp USA $669,507
Food & Beverage Z.A.S. International USA $1,320
Manufacturing ZAG IP, LLC (f/k/a Zag International LLC) USA $506,250
Technology Zaharoni Industries USA $66,000
Transportation Zeromax LLC USA $481,983
Telecommunications Zhongxing Telecommunications Equipment Corporation (ZTE) China $1,400,000,000
Telecommunications Zhongxing Telecommunications Equipment Corporation (ZTE) China $1,290,871,266
Medical Equipment Zimmer Dental, Inc. USA $257,850
Individuals ZNC Engineering USA $ 0
Individuals ZNC Engineering USA $ 0
Medical Equipment Zoll Medical Corporation USA $82,500
Trading Zulutrade, Inc. USA $200,000