Settlement Agreement between the U.S. Department of the …
WEBApr 19, 2024 · SCG Plastics has agreed to pay $20,000,000 to settle its potential civil liability for 467 apparent violations of OFAC sanctions on Iran. From 2017 to 2018, SCG Plastics caused U.S. financial institutions to process $291 million in wire transfers for sales of Iranian origin polyethylene resin manufactured by a joint venture in Iran.
WEBApr 19, 2024 · SCG Plastics Co., Ltd. (“SCG Plastics”), part of a multinational enterprise headquartered in Bangkok, Thailand that sells plastic resins, has agreed to pay $20,000,000 to settle its potential civil liability for 467 …
U.S. Fines Thai Company SCG Plastics $20 Million Over Alleged …
WEBApr 19, 2024 · Thai company SCG Plastics has agreed to pay about $20 million to settle allegations that it used the U.S. financial system to receive hundreds of millions of dollars for products made in...
U.S. Imposes $20 Million Fine on Thai Company SCG Plastics for …
WEBThai conglomerate SCG Plastics recently reached an agreement with the U.S. Treasury Department, whereby they will pay approximately $20 million to settle allegations of exploiting the U.S ...
U.S. Fines Thai Company SCG Plastics $20 Million Over Alleged
WEBThai company SCG Plastics has agreed to pay about $20 million to settle allegations that it used the U.S. financial system to receive hundreds of millions of dollars for products made in...
OFAC fines SCG Chemicals unit $20M over Iran sanctions violations
WEBApr 22, 2024 · SCG Plastics, which is currently undergoing bankruptcy proceedings in Thailand, allegedly used U.S-based correspondent banks to process 467 transactions worth $291 million related to sales of lranian-origin high-density polyethylene resin (HDPE), according to its settlement agreement released Friday.
Thai plastics firm will pay $20 million to settle with U.S ... - Yahoo
WEBApr 19, 2024 · A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday.
Thai plastics firm will pay $20 million to settle with U.S. over Iran ...
WEBApr 19, 2024 · WASHINGTON (AP) — A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday. SCG Plastics Co. used U.S. banks to process $291 million in sales of Iranian high-density polyethylene resin from 2017 to 2018, according to the ...
US fines Thailand-based firm $27m for Iran sanctions violations
WEBApr 20, 2024 · Bangkok-headquartered SCG Plastics agreed to pay the fine to settle 467 apparent sanctions violations, the Treasury Department said in a statement on April 19.
US fines Thailand-based firm $20 mn for Iran sanctions violations
WEBApr 19, 2024 · Bangkok-headquartered SCG Plastics agreed to pay the fine to settle 467 apparent sanctions violations, the Treasury Department said in statement on Friday.
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