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 Sort descending Company/Individual Country Total Fine Amount Date of Charge
Financial Institution Bank-Fund Staff Federal Credit Union USA $14,000
Financial Institution DnB Nor Bank (fka Den Norske Bank) Norway $7,855
Financial Institution Royal Bank of Scotland plc Scotland $33,000,000
Financial Services First Bank SA USA $862,318
Financial Services Alma Investments LLC United Arab Emirates $1,500,000
Financial Services Fidelity Brokerage Services (d/b/a Fidelity Investments) USA $63,853
Financial Services American Express Company USA $2,750
Financial Services Bittrex, Inc. USA $24,280,829
Financial Services American International Group, Inc (AIG) USA $148,698
Financial Services Tango Card, Inc USA 116,048
Financial Services National City Bank USA $5,500
Financial Services Logysis, Inc USA $2,750
Financial Services PayPal Inc. USA $7,658,300
Financial Services Kraken USA $462,158
Financial Services Payment24 Iran $ 0
Financial Services Emigrant Bank USA $31,867
Financial Services FRP Services & Co (America), Inc. USA $12,500
Financial Services Norton Lilly International USA $18,750
Financial Services Primavera Systems, Inc USA $68,430
Financial Services Mellon Investor Services LLC USA $3,673
Financial Services Citigroup Inc USA $217,841
Food & Beverage International Golden Foods, Inc. USA $3,150
Food & Beverage Sogda Limited, Inc. USA $128,250
Food & Beverage Z.A.S. International USA $1,320
Imaging Equipment FLIR Systems, Inc. USA $30,000,000
Individuals Kral Havacilik IC Ve DIS Ticaret Sirket (Kral Aviation) Turkey $ 0
Individuals Orion Telecom Networks USA $100,000
Individuals Reza Zarrab (a/k/a Riza Sarraf) Turkey $ 0
Individuals Aletra General Trading United Arab Emirates $ 0
Individuals Eyvaz Technic Manufacturing Co. Iran $ 0
Individuals Royal Holding AS Turkey $ 0
Individuals Bahram “Ben” Maghazehe USA $2,000
Individuals Ghare Sabz Company (a/k/a GHS Technology) Iran $50,100
Individuals KSI Ejder, Inc (a/k/a Anchore) South Korea $ 0
Individuals Robert Caldwell USA $ 0
Individuals IC Link Industries Ltd. Canada $ 0
Individuals Royal Holding AS Turkey $ 0
Individuals Farman Amin Moayed USA $900
Individuals OTS Refining Equipment Corporation & Tech-Link Development Corporation Canada $7,500
Individuals Robert Gibson Cyprus $ 0
Individuals Faratel Corp Iran $ 0
Individuals IC Link Industries Ltd. Canada $ 0
Individuals MKS Shanghai USA $100
Individuals Saamen Company USA $400
Individuals Richard Phillips USA $100
Individuals Glasgow International LLC United Arab Emirates $ 0
Individuals Saeid Mohabat Iran $ 0
Individuals Faratel Corp Iran $ 0
Individuals IC Link Industries Ltd. Canada $ 0
Individuals Modir Trading USA $2,100