Violation Tracker Individual Record

Company: 
Berkshire Hathaway Inc.
Current Parent Company: 
Berkshire Hathaway
Penalty: 
$4,144,651
Year: 
2020
Date: 
October 20, 2020
Offense Group: 
financial offenses
Primary Offense: 
economic sanction violation
Violation Description: 

Berkshire Hathaway Inc. agreed to pay $4,144,651 to settle its potential civil liability for trade-related transactions and exports to Iran engaged in by its indirectly wholly owned Turkish subsidiary, Iscar Kesici Takim Ticareti ve Imalati Limited Sirket.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Office of Foreign Assets Control
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Nebraska
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.