The Strategist

Saudi Arabia gets $653,000 fine from USA

12/29/2020 - 03:55

The United States will receive $653,000 from the Saudis for violating sanctions on Sudan and Syria, the US Treasury said on 28 December.

openpad via flickr
openpad via flickr
The money will be paid to the Americans by the National Commercial Bank of Saudi Arabia. An agreement has been reached between the US and the bank.

A statement from the US Treasury said the bank "agreed to pay $653,300 as a settlement of liability for 13 episodes of sanctions violations on Syria and Sudan".

The US agency explained that the Saudis had been fined for the period between 7 November 2011 and 28 August 2014, with transactions through the US system amounting to $5.9 million. 

The Saudis' partners in Syria and Sudan were allegedly getting their hands dirty on this.


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