Europe Under Fire from US Secondary Sanctions

... not shutting down its economic activity. The use of fines is an important measure of secondary sanctions, and it is European companies that suffer from fines the most. Fines... ... for violations of this kind. Wilful intent, negligence, involvement of management, refusal to come clean, inadequacy of compliance programmes and other factors are seen by... ... paid the largest fine in the amount of $50.9m in 2014 for supplying aircraft parts to Iran and re-exporting them to Sudan.The case was recognized as ‘egregious’ since...