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SAP SE (“SAP”), a global software company headquartered in Walldorf, Germany, has agreed to pay a total of $8.43 million in penalties as part of settlement agreements with the United States Departments of Justice, Commerce and Treasury, a penalty that would have significantly higher if the company had not extensively cooperated with the United States. Involuntary disclosures to all three agencies, SAP acknowledged that, from January 2010 through September 2017, it knowingly released more than 25,000 downloads of its products, upgrades and/or patches from its U.S. Headquartered Content Delivery Provider to Iranian users in violation of the Export Administration Regulations (“EAR”) and the Iranian Transactions and Sanctions Regulations (“ITSR”). Many of the downloads were associated with sales by non-SAP entities (“SAP Partners”) or the activities of SAP customers headquartered outside of Iran but had used
President Biden unveiled a new $2 trillion American Jobs Plan on Wednesday, March 31, focused on infrastructure, the care economy, climate and, as the name implies, creating desperately needed good jobs. Previous U.S. COVID-19 spending stimulus packages were focused on short-term emergency response, and too much of it propped up the business-as-usual, polluting economy.
This new proposal is designed to promote longer-term economic recovery and keep the United States competitive while responding to the economic devastation from the coronavirus pandemic and the climate crisis.
If the proposal becomes law this summer, as Biden hopes it will, it would simultaneously create millions of good-paying jobs and be the most important climate legislation in U.S. history. Not all of the specific investment amounts have been identified yet, but it appears that at least $1 trillion would go to sectors that fall under the broad umbrella of climate change, clean energy and environmental justice.
A software company based in Germany has self-disclosed violating United States sanction laws by exporting American products and services to Iran.
SAP SE, which is headquartered in Walldorf, admitted to carrying out thousands of export violations over a seven-year period.
After self-reporting its transgressions, the company agreed to pay combined penalties of more than $8m as part of a global resolution reached with the United States Departments of Justice (DOJ), Commerce, and Treasury.
SAP entered into a non-prosecution agreement with the three agencies that requires the company to disgorge $5.14m of ill-gotten gains.
From around January 2010 through approximately September 2017, SAP and its overseas partners released US-origin software more than 20,000 times to users located in Iran. Software exported by SAP without a license included upgrades and patches.
Software Company Self-Reports Illegal Exports - Infosecurity Magazine infosecurity-magazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infosecurity-magazine.com Daily Mail and Mail on Sunday newspapers.
Wayne National Forest Solar Panel Construction. The United States added new rooftop solar at record levels in 2020. Photo by Wayne National Forest Solar Panel Construction
President Biden unveiled a new $2 trillion American Jobs Plan on Wednesday, March 31, focused on infrastructure, the care economy, climate and, as the name implies, creating desperately needed good jobs. Previous U.S. COVID-19 spending stimulus packages were focused on short-term emergency response, and too much of it propped up the business-as-usual, polluting economy.
This new proposal is designed to promote longer-term economic recovery and keep the United States competitive while responding to the economic devastation from the coronavirus pandemic and the climate crisis.