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Sony Reports Tech Sales To Sanctioned Iranian Police, Banks

Law360, New York (June 28, 2013, 7:42 PM EDT) -- Sony Corp. on Thursday reported it had sold about $12.8 million worth of video security cameras, computer components and video conferencing equipment to a Dubai-based dealer who then sold the items to the Iranian police and banks that are under U.S. sanctions.

The company made the disclosure in its 20-F annual report to the U.S. Securities and Exchange Commission, complying with a new requirement passed by Congress last year as part of the Iran Threat Reduction and Syria Human Rights Act. The act, among other things,...
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