Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations

Published April 19, 2024 12:36 PM

By FATIMA HUSSEIN
Associated Press

WASHINGTON (AP) — A Bangkok-based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 violations of Iran sanctions. The U.S. Treasury announced the settlement on Friday. Treasury says the firm was engaging in a joint venture with an Iranian firm and giving “significant economic benefits” to Iran. The fines come as U.S. administration officials have announced plans to impose more sanctions on Iran after Tehran launched an unprecedented attack on Israel that could fuel a wider war in the Middle East.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.