Trade Trade

Comment: 3M employees’ defiance of US sanctions-compliance program led to unauthorized business with Iran

By Samuel Rubenfeld
  • 22 Sep 2023 22:50
  • 22 Sep 2023 23:30
Employees of a 3M unit defied a compliance program put in place to prevent unauthorized dealings with Iran during a period when certain business by foreign subsidiaries of US companies was permitted, according to a recent sanctions settlement.
3M this week agreed to pay $9.6 million to resolve a US

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Samuel Rubenfeld


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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