Nasdaq pays US$4m over US sanctions crossed by ex-Armenian subsidiary

New York-headquartered Nasdaq, Inc, operator of stock exchanges around the world, has reached agreement with the US Office of Foreign Assets Control (OFAC) - to pay a civil penalty of US$4,040,923 - after its former wholly-owned subsidiary in Armenia processed trades for the Armenian branch subsidiary of Iran's Bank Mellat.

New York-headquartered Nasdaq, Inc, operator of stock exchanges around the world, has reached agreement with the US Office of Foreign Assets Control (OFAC) - to pay a civil penalty of US$4,040,923 - after its former wholly-owned subsidiary in Armenia processed trades for the Armenian branch subsidiary of Iran's Bank Mellat.