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Nasdaq settles with OFAC over Iran sanctions violations

Image is of the Iranian flag blowing in the wind.
Photo: Getty Images

Julie DiMauro

1 min read
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Exchange failed to understand implications of providing trading platform to subsidiary of state-owned bank.

New York-based stock exchange Nasdaq Inc agreed to pay a $4m settlement to the US Department of Treasury over apparent violations of sanctions law by a former Nasdaq unit called Nasdaq OMX Armenia, the department’s Office of Foreign Assets Control (OFAC) said.

Specifically, Nasdaq OMX Armenia provided services to Iran

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