Technology
PayPal to Pay $7.7M in Sanctions Violations Settlement
WASHINGTON (AP) — PayPal Inc. has agreed to pay $7.7 million to settle with U.S. regulators who said the payments company allowed violations of U.S. sanctions against Iran, Cuba and Sudan.
The Office of Foreign Assets Control, an agency of the Treasury Department, announced Wednesday the civil settlement with the digital payments processor.
The agency said PayPal, a division of eBay Inc., didn’t adequately screen transactions so it could detect those by people or entities subject to sanctions against Iran, Cuba and Sudan. OFAC says the lapses occurred over several years through 2013.
PayPal, based in San Jose, California, said in a statement that it voluntarily reported to the agency questionable payments it had processed. It said it has taken steps to improve compliance, such as real-time scanning of payments.
OFAC also said that PayPal processed $7,091.77 in transactions in a customer account registered to Kursad Zafer Cire, an individual on a special State Department list as someone contributing to the proliferation of weapons of mass destruction. Despite red flags from PayPal’s own screening system, the transactions continued from October 2009 to April 2013, the agency said.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
#NNPA BlackPress
Unleashing the Power_ Discover the The Thrills…F-TYPE Convertible
Performance & Handling Powered by a robust 5.0 Liter Supercharged 8 Cylinder Gas Engine, the F-Type R75 doesn’t just purr; it roars with a mighty 575 horsepower and 516 lb-ft of torque. Coupled with an 8-speed Automatic Transmission, the car offers an exhilarating drive that is both fast and smooth. The All-Wheel Drive system ensures […]
The post Unleashing the Power_ Discover the The Thrills…F-TYPE Convertible first appeared on BlackPressUSA.
Performance & Handling
Powered by a robust 5.0 Liter Supercharged 8 Cylinder Gas Engine, the F-Type R75 doesn’t just purr; it roars with a mighty 575 horsepower and 516 lb-ft of torque. Coupled with an 8-speed Automatic Transmission, the car offers an exhilarating drive that is both fast and smooth. The All-Wheel Drive system ensures excellent traction and stability, making it a joy to handle in various driving conditions. The Electric Power Assisted Steering and JaguarDrive Control with Selectable Driving Modes add to the car’s agility, providing a driving experience that is as intuitive as it is thrilling. Additionally, the Adaptive Dynamics and Electronic Active Differential with Torque Vectoring by Braking enhance the car’s responsiveness, making every turn a testament to its engineering prowess. Unique to AutoNetwork.com.
Like us on and share https://www.facebook.com/autonetwork
#AutoNetwork
#AutoNetworkReports
Subscribe to our channel now for more videos.
Twitter http://www.twitter.com/liveautos
LinkedIn http://www.linkedin.com/in/autonetwork
Coupons Offers and Deals https://www.couponsoffersanddeals.com/
The post Unleashing the Power_ Discover the The Thrills…F-TYPE Convertible first appeared on BlackPressUSA.
#NNPA BlackPress
Elevate Your Ride…
Join us for a virtual car’s best-detailed walkaround of the sleek and stylish 2024 Jaguar F-TYPE AWD convertible. Get an up-close look at the exterior design, interior features, and performance capabilities of this luxury sports car. From its powerful engine to its advanced technology, this video will give you a comprehensive overview of what makes […]
The post Elevate Your Ride… first appeared on BlackPressUSA.
Join us for a virtual car’s best-detailed walkaround of the sleek and stylish 2024 Jaguar F-TYPE AWD convertible. Get an up-close look at the exterior design, interior features, and performance capabilities of this luxury sports car. From its powerful engine to its advanced technology, this video will give you a comprehensive overview of what makes the F-TYPE AWD convertible stand out on the road. Unique to AutoNetwork.com.
Like us on and share https://www.facebook.com/autonetwork
#AutoNetwork
#AutoNetworkReports
Subscribe to our channel now for more videos.
Twitter http://www.twitter.com/liveautos
LinkedIn http://www.linkedin.com/in/autonetwork
Coupons Offers and Deals https://www.couponsoffersanddeals.com/
The post Elevate Your Ride… first appeared on BlackPressUSA.
#NNPA BlackPress
Influential
What car companies had the greatest influence on the auto industry and customers in 2023? Why?
The post Influential first appeared on BlackPressUSA.
What car companies had the greatest influence on the auto industry and customers in 2023? Why?
The post Influential first appeared on BlackPressUSA.
-
Alameda County3 weeks ago
Michael P. Johnson Garners Major Support in Run for Alameda County Superior Court Judge
-
Activism4 weeks ago
Oakland Post: Week of February 28 – March 5, 2024
-
Antonio Ray Harvey3 weeks ago
Advocates Weigh in on Calif. Black Caucus Reparations Package
-
Activism3 weeks ago
Oakland Post: Week of March 6 – 12, 2024
-
Book Reviews3 weeks ago
Book Review: “Dear Black Girls: How to Be True to You” by A’Ja Wilson
-
Activism3 weeks ago
Who are the Alameda County District 4 Supervisor Candidates’ Top Campaign Contributors?
-
#NNPA BlackPress3 weeks ago
Rep. James Clyburn Steps Down from House Leadership
-
#NNPA BlackPress3 weeks ago
PRESS ROOM: The Allen Lewis Agency Named Ally Supplier Diversity: Supplier of the Year for 2024
Pingback: PayPal to Pay $7.7M in Sanctions Violations Settlement - Black Press USA | Latest financial news