These violations caused US financial institutions to process $291 million in wire transfers between 2017 and 2018 for a company jointly owned by the National Petrochemical Company of Iran, it added.

SCG Plastics Co. used US banks to process USD291 million in sales of Iranian high-density polyethylene resin from 2017 to 2018, according to the signed settlement agreement between the firm and ...

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 Iran, in ...

SCG Plastics Co shipped high-density polyethylene (HDPE) resin but hid the product's Iranian origins, causing US financial institutions to unwittingly process $291 million in wire transfers that ...

He noted that in 2023, the US plastics industry achieved a trade surplus of nearly $1 billion, with exports totalling $74.2bn. The introduction of these tariffs is expected to disrupt supply ...

The Treasury Department said SCG Plastics agreed to pay the fine to settle 467 apparent sanctions violations. Read more at straitstimes.com. Read more at straitstimes.com.

A Bangkok-based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 violations of Iran sanctions.

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 […] Home Pros Jobs ...

The United States fined a Thailand-based firm $20 million on Friday for more than 450 possible Iran sanctions violations -- a day after Washington slapped fresh sanctions on Iran following ...

WASHINGTON — 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.

A Bangkok-based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 violations of Iran sanctions. Skip to main content. Open Main Menu Navigation. Open Search.