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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
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 ...
"The settlement amount reflects Office of Foreign Assets Control's (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.