Amazon under federal probe for violating US sanctions

In a filing on Friday, the online giant said it sold and delivered about $34,000 worth of products, including books, software, consumer electronics, musical instruments and jewelry, to an Iranian embassy, as well as to others with links to the Iranian government, between January 2012 and June 2017, Washington Post reported on Monday.

“We are unable accurately to calculate the net profit attributable to these transactions,” Amazon said in the filing.

“We do not plan to continue selling to these accounts in the future.”

Amazon said it has “voluntarily reported” those transactions to the US Treasury and Commerce departments, which are leading the investigation, and that the review could lead to “the imposition of penalties.”

In 2012, former US President Barack Obama signed the ITRA (Iran Threat Reduction and Syria Human Rights Act) to strengthen trade restrictions on Iran over its nuclear activities.

/SR