US Company Discloses Possible Iran Sanctions Violations
A U.S. information management company may have violated U.S. sanctions against Iran, the company said in a Securities and Exchange Commission filing released May 7. Iron Mountain, which provides information and data storage services, said its foreign subsidiary provided services…
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to an Iranian government entity and another entity designated for weapons proliferation. Iron Mountain said the subsidiary provided “limited” record storage, container storage and handling services for both entities, which are both located outside of Iran. In both cases, the services began “at a time when U.S. sanctions law did not limit” the dealings, Iron Mountain said. The company’s gross revenues from providing services to both companies totaled about $300,000, Iron Mountain said, adding that “it is not possible to determine the exact amount of profits attributable to these services.”