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PayPal will pay the U.S. Treasury Department nearly $7.7 million for processing hundreds of transactions in violation of sanctions against weapons proliferators. The San Jose, CA-based money services business "demonstrated a reckless disregard for U.S. economic sanctions" by failing on six occasions to block transactions involving Kursad Zafer Cire, a blacklisted associate of A.Q. Khan, the department's Office of Foreign Assets Control (OFAC) said Wednesday. American officials designated Khan, Cire and dozens of others in January 2009 for their alleged roles in selling Pakistan's nuclear secrets to North Korea and Libya. Nine months later, a PayPal risk operation agent dismissed...