Regulatory Alerts2026-05-18 | 20260518Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Adani Enterprises Limited
The U.S. Department of the Treasury's Office of Foreign Assets Control announced a $275,000,000 settlement with Adani Enterprises Limited for 32 apparent violations of Iran sanctions. The company purchased liquified petroleum gas from a Dubai trader between November 2023 and June 2025, causing U.S. financial institutions to process approximately $192,104,044 in payments for shipments that actually originated from Iran. The settlement amount reflects the egregious nature of the violations, the lack of voluntary self-disclosure, and the company's subsequent remedial measures and cooperation with the investigation.
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