American Company '3M' Fined $10 Million for Violating Sanctions Against the Islamic Republic

The American company '3M', which operates in the fields of safety products, electronics, transportation, and health, has been fined $10 million for indirectly selling its products to the Islamic Republic. According to the Wall Street Journal, citing the Office of Foreign Assets Control of the U.S. Department of the Treasury, the company acknowledged that one of its subsidiaries in Switzerland sold 'reflective license plates' to the sanctioned entity 'Foundation of the Police Cooperation Foundation' from September 2016 to September 2018. '3M' announced that upon accepting the imposed fine, it realized in 2019 that some of its employees had committed these violations, promptly informed the government, disclosed transaction details, dismissed several offending employees, and severed ties with an intermediary based in Germany who was responsible for selling its products to Iran. Last month, '3M' was also accused of violating the Foreign Corrupt Practices Act after marketing employees from one of its subsidiaries in China took healthcare officials on secret tourist trips to the United States and Australia, resulting in a settlement of over $6.5 million to resolve the investigations. U.S. senators have called for more sanctions against China due to oil transactions with Iran. Reports from intelligence agencies regarding Iran's illegal activities in the field of weapons of mass destruction have emerged. The U.S. Justice Department sentenced an Iranian-American to 41 months in prison on charges of 'circumventing sanctions.' A German bank has been banned from dealing with the Islamic Republic due to 'potential money laundering.'