Sony admits it has been selling to Iran In a filing to the US regulator, it disclosed that it had sold broadcast equipment, security cameras, video-conferencing gear and medical instruments to dealers who planned to resell or resold the products to groups including the Information Technology Department of the Iranian Police, the Iranian Ministry of Health and the Islamic Republic of Iran Broadcasting. The company said it registered a profit of roughly $500,000 from the sales. The Japanese electronics giant could face a fine from the US Securities and Exchange Commission, as the States, along with Europe, has imposed economic sanctions on Iran in a bid to prevent its production of a nuclear bomb. Sony's dealings were outlined under requirements that businesses report transactions with Iran or others sanctioned under programs relating to terrorism or the proliferation of weapons of mass destruction, according to the Tokyo-based electronics maker's filing. "Sony believes that, and maintains policies and procedures designed to ensure that, its transactions with Iran and elsewhere have been conducted in accordance with applicable economic sanctions laws and regulations,"" the company said in its filing. However, there can be no assurance that Sony's policies and procedures will be effective. It added that if the relevant authorities were to impose penalties or sanctions against the company, "the impact of such sanctions could be material." Sony said it would continue to sell to Iran through third-party dealers or distributors, which may require disclosure of US law.