Australia’s Toll Holdings to pay US$6m for ‘reckless disregard’ of US sanctions

Toll Holdings will pay US$6.1m for thousands of sanction violations, the US treasury says. Photograph: Anthony Strong/AAP/Supplied by Toll Group

The Australian company Toll Holdings must pay US$6.1m for its “reckless disregard” of US sanctions targeting terrorism, the manufacturing of weapons of mass destruction and regimes in North Korea, Iran and Syria.

Toll committed almost 3,000 apparent violations of the sanctions when it processed $48.4m through the US financial system between January 2013 and February 2019, the US treasury department said.