Amazon.com is under federal investigation for possibly violating U.S. sanctions on Iran, the online giant said Friday in a filing with the Securities and Exchange Commission.
“We are unable accurately to calculate the net profit attributable to these transactions,” Amazon said in the filing. “We do not plan to continue selling to these accounts in the future.”
Amazon said it has “voluntarily reported” those transactions to the U.S. Treasury and Commerce departments, which are leading the investigation, and that the review could lead to “the imposition of penalties.”
The company did not immediately respond to a request for comment.
President Obama in 2012 signed the Iran Threat Reduction and Syria Human Rights Act as part of an effort to get Iran to give up its nuclear weapons program. As part of the act, public companies that knowingly do business with Iran are required to disclose those activities to the government.
Earlier this month, the Treasury Department fined Exxon Mobil $2 million for violating U.S. sanctions on Russia. Exxon has said it will challenge the fine.