OFAC: The Office of Foreign Assets Control Settled with 3M and Emigrant Bank

OFAC: The Office of Foreign Assets Control Settled with 3M and Emigrant Bank

OFAC settled with 3M and Emigrant Bank for $9,618,477. This is for a potential civil liability for 54 apparent violations of sanctions on Iran. 3M's subsidiary sold reflective license plate sheeting to an Iranian entity controlled by Iranian law enforcement. OFAC filed a VSD.
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