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Without food, a nation could face turmoil and financial ruin. The agricultural sector is one of the most crucial and strategically vital for a

SAP Admits to Illegal Software Exports to Iran 3 weeks ago SAP entered into an agreement with the Department of Justice (DOJ), admitting it illegally exported thousands of copies of its software to Iran. SAP is the one of the leading enterprise software companies in the world, with a focus on ERP, cloud and IoT solutions. The company does business all over the world, requiring it to adhere to the laws and regulations of the many countries it operates within. Unfortunately, the company has run afoul of the US, ignoring sanctions and export restrictions against Iran. As a result, SAP has ent...

By Aaron Nicodemus2021-04-30T18:09:00+01:00 German software company SAP SE on Thursday agreed to pay more than $8 million in combined penalties issued by three U.S. agencies after admitting to committing numerous violations of sanctions against Iran that occurred when Iranian-based users paid to download SAP software, upgrades, and patches. SAP agreed to disgorge $5.14 million paid by Iranian users for its software over a seven-year period as part of a non-prosecution agreement reached with the Department of Justice (DOJ). The company will also pay $3.3 million in penalties to settle export c...

Riyadh, which has designated several AQAP and Islamic State-Yemen individuals and entities. The UAE Central Bank's Financial Intelligence Unit is credited in State Department terrorism reports with providing training programs to UAE financial institutions on money laundering and terrorism financing, and making mandatory the registration of informal financial transmittal networks (hawalas). During 2018 and 2019, the government enacted and issued implementing regulations for updated anti-money laundering laws./92 However, in April 2020, the FATF found that the United Arab Emirates is not d...