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May 8, 2023
On April 6, 2023, the Department of Treasury Office of Foreign Assets Control ("OFAC") and the Department of Commerce Bureau of Industry and Security ("BIS") announced a settlement...
May 8, 2023
On April 6, 2023, the Department of Treasury Office of Foreign Assets Control and the Department of Commerce Bureau of Industry and Security announced a settlement with Microsoft Corporation and... | May 8, 2023
May 3, 2023
On April 6, 2023, Microsoft Corporation (“Microsoft”) agreed to pay $3.3 million to the Department of Commerce’s Bureau of Industry and Security (“BIS”) and the Department of the...
April 27, 2023
On April 6, 2023, the Department of Treasury Office of Foreign Assets Control (“OFAC”) and the Department of Commerce Bureau of Industry and Security (“BIS”) announced a settlement with...
April 8, 2023
San Francisco, April 8 (IANS) Microsoft will pay $3 million in penalty in the US for selling software to sanctioned companies in Russia, Cuba, Iran and Syria
April 8, 2023
Microsoft will pay $3 million in penalty in the US for selling software to sanctioned companies in Russia, Cuba, Iran and Syria from 2012 to 2019.The majority of the apparent violations involved blocked Russian entities or persons located in ...
April 8, 2023
"The settlement amount reflects Office of Foreign Assets Controls (OFAC) determination that the conduct of the Microsoft Entities was non-egregious and voluntarily self-disclosed, and further reflects the significant remedial measures Microsoft undertook upon discovery of the apparent violations," it said in a statement. �� Microsoft To Pay $3 Million Penalty for Selling Software to Sanctioned Companies in Russia, Cuba, Iran and Syria.