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  • October 7, 2026
  • Last Update July 17, 2026 9:28 pm
  • United States of America

Samsung Harman to pay US$1.45 million settlement for violating US Iran sanctions

Samsung Harman to pay US$1.45 million settlement for violating US Iran sanctions

Harman, a subsidiary of Samsung Electronics Co. specializing in audio and automotive electronics, has agreed to pay a US$1.45 million settlement for violating US sanctions on Iran. The penalty follows an investigation by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).

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