Amazon.com (AMZN) - Get Report is under federal investigation for potentially infringing upon U.S. sanctions targeting Iran by selling products to at least one person listed on the government's terrorism list.
Between January 2012 and June of this year, it has "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's July 28 quarterly financial report says.
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The items were sold to an Iranian embassy in a separate country and were valued at $24,700. Another $8,100 worth of products were sold to people who could have been working on behalf of five Iranian embassies located in other nations outside Iran, according to the report.
It showed that $300 worth of items went to a person named under Executive Order 13224, which bans the funding of terrorists and terror groups.
"The consumer products included books, other media, apparel, home and kitchen, jewelry, office, toys, health and beauty, consumer electronics, lawn and patio, automotive, and musical instruments," Amazon said.
The company added that it would discontinue selling to those accounts going forward and is cooperating "fully" with federal investigators to identify those people listed under the ITRA and to impose penalties on them.
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