US sanctioned $3.3 million for Microsoft

The news was that US technology firm Microsoft will pay a settlement in the investigation conducted by the US Department of Justice, based on the fact that it violated US export control laws and sanctions. Microsoft will be fined a total in the amount of 3.3 million.

In the report issued in the statement issued by US Department of Commerce The Bureau of Industry and Security (BIS) of the Department of Commerce and the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury to Microsoft for violating US export control laws and sanctions. The report said that Microsoft was penalized $3.3 million.

In the document in which it was said that Microsoft willingly disclosed the allegations of violations to both OFAC and the BIS. BIS and OFAC In the statement, it was mentioned that Microsoft cooperated with the joint investigation being conducted by BIS’s Export Enforcement Office and OFAC.

In the document, Microsoft reportedly took corrective actions after learning of the ongoing situation, which preceded the introduction of sanctions and controls on exports as a result of Russia’s conflict in Ukraine.

In the document the statement, it was noted that BIS issued an administrative penalty of 624 million 13 dollars against Microsoft and Microsoft, while OFAC was fined 2 million 980 million 266 dollars in connection with 1,339 violations of the sanctions regulations that concern Russia/Ukraine, Cuba, Iran and Syria.

In the report it was noted that Microsoft received the loan amount of $276 382 through the BIS subject to a meeting of its obligations under the agreement for settlement with OFAC The total penalty amount was 3 million 327 thousand 897.

The U.S. Treasury Department said in a statement that the majority of incidents between 2012 and 2019 were due to sanctions against Russian organizations or individuals within the Crimea region due to Microsoft’s inability to detect and stop any use of their software by sanctioned entities.

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İlayda Mete

I am a 23 year old technology lover. I share with you the developments about technology that excite me and my experiences with games.

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