Risk Level:
unknown %

Status:
Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Info:
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and by Charlie Munger, one of the company’s vice-chairmen;

Berkshire Hathaway Inc. (“Berkshire”), a company based in Omaha, Nebraska, has agreed to pay $4,144,651to settle its potential civil liability for trade-related transactions and exports to Iran engaged in by its indirectly wholly owned Turkish subsidiary, Iscar Kesici Takim Ticareti ve Imalati Limited Sirket(“Iscar Turkey”). Iscar Turkey sold cutting tools and related inserts to two third-party Turkish distributors knowing that such goods would be shipped to a distributor in Iran for resale to Iranian end-users, including several entities later identified as meeting the definition of the Government of Iran, in violation of Berkshire’s compliance policies. IscarTurkeytook steps to obfuscateits dealings with Iran, including concealing these activities from Berkshire. Iscar Turkey’s conduct in this matter, as further detailed below, represents particularly serious apparent violations of the law calling for a strongenforcement action;

Berkshire Hathaway is partner with Iran Reinsurance Company, according to the official website of Iran Reinsurance Company. Iran Regime and IRGC through Bank Pasargad controls Iran Reinsurance Company. Iran Reinsurance Company is working with international companies around the world and through these companies IRGC is operating in the world;

Also Known As:
Berkshire

Country:
United States

Person of interests:
Warren E. Buffett – (Chairman & CEO)
Charles T. Munger – (Vice Chairman)
Ajit Jain – (Vice Chairman of Insurance Operations)

Reason for the color:
» OFAC Settleswith Berkshire Hathaway Inc.with Respect to Potential Civil Liability forApparent Violations of the Iranian Transactions and Sanctions RegulationsEngaged in by one of its Foreign Subsidiaries – October 20, 2020;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.