us-sanctions 22 October 2020

Buffett firm to pay $4m to settle Iran sanctions violations

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The US Department of the Treasury’s Office of Foreign Assets Control (‘OFAC’) has announced that it has reached a $4,144,651 settlement with Berkshire Hathaway, the Omaha-based conglomerate chaired by Warren Buffett (also CEO), and its Turkish subsidiary, Iscar Kesici Takim Ticareti ve Imalati Limited...

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