CSE Global to pay $12 mln to settle apparent violations of Iran sanctions -U.S.

CSE Global

27/07/2017 14:52

WASHINGTON, July 27 (Reuters) - Singapore-based technology 
company CSE Global Ltd  CSES.SI  has agreed to pay more than $12 
million to settle 104 apparent violations of Iran sanctions by 
its subsidiary, the U.S. Department of Treasury said on 
Thursday.  
    The subsidiary, CSE TransTel Pte Ltd, "caused at least six 
separate financial institutions to engage in the unauthorized 
exportation or re-exportation of financial services from the 
United States to Iran," in 2012 and 2013, U.S. Treasury said in 
a statement on its website. 
 
 (Reporting by Susan Heavey and Doina Chiacu) 
 ((202-898-8300; Reuters Messaging: 
susan.heavey.thomsonreuters.com@reuters.net)) 
 
Keywords: USA CSE GLOBAL/IRAN