The bank has also entered into a parallel settlement agreement with the Treasury Department’s Office of Foreign Assets Control (OFAC).Ī criminal information was filed today in federal court in the District of Columbia charging ING Bank N.V. financial system on behalf of sanctioned Cuban and Iranian entities. ING Bank N.V., a financial institution headquartered in Amsterdam, has agreed to forfeit $619 million to the Justice Department and the New York County District Attorney’s Office for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) and for violating New York state laws by illegally moving billions of dollars through the U.S.

ING Bank to Forfeit $619 Million for Role in Violating US Sanctions Laws By Jim Chester Export, ITAR, OFAC / Sanctions sanctions restrict residents in these countries from playing War of Warcraft as well. Participants pay a monthly fee to explore its vast landscapes, engaging in quests and upgrading their in-game characters.”Īccording to Public Radio International, War of Warcraft fans in Cuba, Libya, North Korea and Syria are in the same boat. The Guardian explains that “World of Warcraft is the world’s largest subscription-based online multiplayer game, with around 10 million users. sanctions also prevent Blizzard from providing any refunds, credits, transfers, or other service options to accounts in other countries that have similar sanctions. The statement further explained that U.S. This week, Blizzard tightened up its procedures to ensure compliance with these laws, and players connecting from the affected nations are restricted from access to Blizzard games and services.” Since then, the company posted a statement on the message board stating, “What we can tell you is that United States trade restrictions and economic sanction laws prohibit Blizzard from doing business with residents of certain nations, including Iran. The Guardian reports that last week, Blizzard Entertainment’s online message board started receiving messages from Iranian players complaining that they could not access the War of Warcraft’s servers. The War of Warcraft is a massively multiplayer online role-playing game which is tremendously popular.

Mists of Pandaria, a new update of War of Warcraft that is coming out later this year, is now unlikely to be accessible to players in Iran.

Ofac iran sanctions ieepa