The OFAC statement seeming to chide the online retail giant, saying “Such large and sophisticated businesses should implement and employ compliance tools and programs that are commensurate with the speed and scale of their business operations.”
According to the Department of the Treasury, when Amazon became aware of OFAC violations, they voluntarily disclosed to OFAC apparent violations and immediately took measures to assess screening deficiencies, which was considered as mitigating.
They also cooperated with OFAC’s investigations as well as conducted their own internal investigation.
As part of their remedial actions, Amazon has agreed to additional compliance commitments that include additional resources allotted to their screening process and additional training for team members and engaging senior staff in improvements.
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