PayPal to pay $7.7 mln in U.S. Treasury sanctions case

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PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday. PayPal, owned by EBay Inc , did not adequately screen its transactions for U.S

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PayPal to pay $7.7 mln in U.S. Treasury sanctions case