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
Individuals Hosoda Taiwan Limited Corp Taiwan $ 0
Financial Institution HSBC Bank USA USA $5,500
Financial Institution HSBC Equator (USA), Inc. USA $2,750
Financial Institution HSBC Holdings plc United Kingdom $1,256,000,000
Individuals Huawei, Huawei Device USA Inc and Skycom Telecom China $ 0
Engineering Hydel Engineering Products India $100,000
Individuals Hydrajet Mena United Arab Emirates $100
Medical Equipment HyperBranch Medical Training Technology, Inc USA $107,691
Pharmaceuticals Ibn Khaldoon Drug Store Est. United Arab Emirates $40,000
Individuals IC Link Industries Ltd. Canada $ 0
Individuals IC Link Industries Ltd. Canada $ 0
Individuals IC Link Industries Ltd. Canada $ 0
Individuals IC Market Iran (IMI) & Corezing International Pte Ltd Singapore $ 0
Aviation ICM Components, Inc Australia $199,627
Electronics IEPS Electronic, Inc by Smart Power Systems Inc. USA $100,000
Exporter Indam International, Inc. USA $44,850
Financial Institution Industrial Bank of Korea (IBK) South Korea $86,000,000
Individuals Industrial Metals and Commodities Belgium $100
Manufacturing Industrial Scientific Corp. USA $30,000
Financial Institution ING Bank NV Netherlands $619,000,000
Individuals Integrated Control Systems (ICS) Canada $ 0
Financial Institution Intensa Sanpaolo S.p.A. Italy $2,949,030
Telecommunications Interland – Dialtone Inc. USA $865
Individuals Interlink Computer Technology USA $35,000
Food & Beverage International Golden Foods, Inc. USA $3,150
Medical Equipment Intertek Testing Services USA $1,788
Consulting IPSA International Services, Inc. (IPSA) USA $259,200
Individuals Jacques Monseiur Belgium $ 0
Individuals James Larrison USA $ 0
Individuals Jiriar Avanessian USA $10,300
Individuals Joao Pereira da Fonseca Portugal $ 0
Technology John Bean Technologies USA $391,950
Financial Institution Joint-Stock Commercial Bank "Bank of Moscow" Russia $9,492,525
Financial Institution JP Morgan Chase & Co USA $73,281
Financial Institution JP Morgan Chase Bank USA $88,300,000
Financial Institution JP Morgan Chase Bank USA $5,263,171
Financial Institution JP Morgan Chase Bank USA $18,094
Individuals Junbon Enterprises Co., Ltd Taiwan $ 0
Individuals Kambiz Attar Kashani USA $50,000
Individuals Kenneth Wei Xian Chua Malaysia $3,500
Individuals Kesh Air International Iran $ 0
Financial Institution Key Bank National Association USA $200,000
Electronics Keysight Technologies, Inc. USA $473,157
Individuals Khosrow Afghahi USA $ 0
Manufacturing Kleiss & Co Netherlands $60,000
Manufacturing KMT Group AB Sweden $250,000
Manufacturing Knight Industries USA $17,469
Manufacturing Kollmorgen Corporation USA $13,381
Financial Services Kraken USA $462,158
Individuals Kral Havacilik IC Ve DIS Ticaret Sirket (Kral Aviation) Turkey $100