Minnesota-based adhesives manufacturer HB Fuller has conceded that it could have breached US sanctions on Iran through resales from customers of its marketing and manufacturing subsidiaries in Turkey and India, respectively. In a regulatory filing, the company revealed that a customer in the Middle East redirected a small number of the firm's baby diaper adhesive to Iran, which it promptly declared to the US Treasury Department's Office of Foreign Assets Control, alongside stopping sales to those involved in FY2018. The company, based in Minneapolis, said it had been notified by the Turkish government about the issue last month but did not immediately respond when asked for comment.
Minnesota-based adhesives manufacturer HB Fuller has conceded that it could have breached US sanctions on Iran through resales from customers of its marketing and manufacturing subsidiaries in Turkey and India, respectively. In a regulatory filing, the company revealed that a customer in the Middle East redirected a small number of the firm's baby diaper adhesive to Iran, which it promptly declared to the US Treasury Department's Office of Foreign Assets Control, alongside stopping sales to those involved in FY2018. While HB Fuller never directly sold to Iran, the violation could result in a fine of up to $10m.