Amazon discloses Iranian business ties, may face penalties

Company sold products to individuals, groups linked to Iran

Amazon.com on Friday disclosed Iranian business ties that may have violated US sanctions, warning that it may be penalised after a regulatory review of the activities.

The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered by the Iran Threat Reduction and Syria Human Rights Act (ITRA).”

Amazon said it reported the transactions to the US Treasury Department’s Office of Foreign Assets Control and the Department of Commerce’s Bureau of Industry and Security. The world’s biggest e-commerce retailer said it will cooperate with