July 15 (Reuters) - The U.S. Treasury Department's

Office of Foreign Assets Control said on Tuesday a $11.8 million

settlement had been reached with Interactive Brokers ( IBKR )

over the company's possible violations of several sanctions

programs.

The potential violations arose from Interactive Brokers ( IBKR )

providing services to people in Iran, Cuba, Syria and the Crimea

region, processing security trades subject to the Chinese

Military-Industrial Complex program and processing transactions

for individuals who are blocked under OFAC's sanctions programs,

the office said in statement.