SEC asks IBM to explain dealings with Iran
- Iran: Sunday, October 28 - 2012 at 04:00
The US Securities and Exchange Commission (SEC) has asked IBM to describe its interactions with Iran, following reports that ZTE Corp resold some IBM products in the country, Bloomberg has reported. "Iran is designated as a state sponsor of terrorism by the State Department and is subject to U.S. economic sanctions and export controls," the SEC said in an August letter to IBM. The SEC also requested information about IBM's contacts with Syria, Sudan and Cuba. IBM responded on September 10, saying it "complies with all US economic sanctions and export laws and regulations, including those regarding countries identified as state sponsors of terrorism."
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