WASHINGTON (Reuters) - Singapore-based technology company CSE Global Ltd has agreed to pay more than $12 million to settle 104 apparent violations of Iran sanctions by its subsidiary, the U.S. Department of Treasury said on Thursday.

The subsidiary, CSE TransTel Pte Ltd, “caused at least six separate financial institutions to engage in the unauthorized exportation or re-exportation of financial services from the United States to Iran,” in 2012 and 2013, U.S. Treasury said in a statement on its website.