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 Industrial Bank of Korea (IBK) South Korea $86,000,000
Financial Institution Lloyds TSB Bank, plc United Kingdom $175,000,000
Financial Institution National Fleet Bank (Suretrade, Inc) USA $7,277
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
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
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 Amir Hossein Ardebili Iran $ 0
Individuals Hassan Ali Moshir-Fatemi USA $50,100
Individuals Blue Sky Aviation (a/k/a BSA Hava Kargo Ltd. Sti) Turkey $ 0
Individuals Paya Electronics Complex Iran $ 0
Individuals Behrooz Behroozian USA $ 180,400
Individuals Antennas and Components USA $100
Individuals Corezing International Pte Singapore $ 0
Individuals Amirhossein Sairafi Iran $ 0
Individuals Arash Yousefi Jam / Amin YOusefi Jam USA 0
Individuals Green Wave Technology Malaysia $100
Individuals Mac Aviation Group Ireland $ 0
Individuals Nader Modanlo USA $10,000,000
Individuals Elham Abrishami USA $ 0
Individuals Corezing International Pte Singapore $ 0
Individuals Integrated Control Systems (ICS) Canada $ 0
Individuals Amparo Echeverri Colombia $ 0
Individuals Green Wave Technology Malaysia $100
Individuals Randy Dale Barber USA $451,027
Individuals Mitchell Zong USA $10,000
Individuals NEL Electronics Pte Ltd Singapore $100
Individuals Aurel Fratila Romania $ 0
Individuals Khosrow Afghahi USA $ 0
Individuals Performance Engineered Nonwovens USA $5,300
Individuals Chen Chee Onn (Owen Chen) Malaysia $334,833
Individuals Darus Zehrbach USA $100