Nasdaq Settles Alleged Iran Sanctions Violation for $4 Million

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Dec. 8, 2023 6:26 pm ET


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Stock exchange operator Nasdaq has agreed to pay $4 million in a settlement with the U.S. Treasury Department over alleged Iran sanctions violations. 

A former Armenian subsidiary of Nasdaq allegedly processed trades and settled payments involving a sanctioned Iran-owned bank, the Treasury Department’s Office of Foreign Assets Control said Friday. The transactions occurred on platforms the subsidiary provided to facilitate overnight loans and foreign exchange trading among Armenia’s banks. 

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Source:" WSJ "

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