#<p><img class="alignleft size-medium wp-image-13836" alt="Cover1-600x400" src="http://channeleye.co.uk/wp-content/uploads/2015/03/Cover1-600x400-360x240.jpg" width="360" height="240" />PayPal has reached a $7.7 million settlement with the US Treasury for ignoring US sanctions and allowing money transfers to accounts linked to Iran, Cuba, terrorism and weapons of mass destruction.</p>
<p>According to DCIno, The Treasury Department’s Office of Foreign Assets Control (OFAC) detailed a damning string of instances in which the company accepted and processed 486 transactions totalling approximately $43,934 over a five-year period. <a href="http://channeleye.co.uk/paypal-fined-for-aiding-arm-sellers/" class="read_more">more&#187;</a></p><div class="feedflare">
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