NewTek controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
NewTek agrees to pay $189,483 to settle Iran sanctions allegations
Settlement
NewTek agreed to pay $189,483 to settle allegations that it knowingly violated U.S. sanctions against Iran. According to OFAC, NewTek products were sold to Iranian customers through third-party distributors from 2013 to 2018. The settlement resolves the allegations; the source does not specify further outcomes or terms.
Source excerpt
NewTek made 49 separate sales of its products worth more than $500,000 from 2013 to 2018 to customers in Iran through third-party distributors located in France and the United Arab Emirates, according to the U.S. Treasury’s Office of Foreign Assets Control (OFAC).
A Texas-based company that develops 3D animation hardware and software has agreed to pay $189,483 to settle allegations it knowingly violated U.S. sanctions against Iran.