Walmart is set to launch its online retail program later in July in competition with Amazon Prime.
Amazon will pay $134,523 after violating U.S. sanctions by selling goods to people in Crimea, Iran and Syria, although the low penalty amount reflects "that Amazon’s apparent violations were non-egregious and voluntarily self-disclosed," the Treasury Department said Wednesday.
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JEFF BEZOS' NET WORTH HITS RECORD
Amazon agreed to settle with the Treasury Department's Office of Foreign Assets Control after selling goods to sanctioned individuals, individuals located in or employed by the foreign missions of Cuba, Iran, North Korea, Sudan and Syria and failing to report several hundred transactions in a timely manner.