Microsoft has apparently been hit with a sizeable fine worth millions of US Dollars. The company is facing the fine after being caught selling its software to Russian based firms. So here are all the details.
The American tech giant has agreed to pay over 3 million US Dollars to settle a potential civil liability. The brand is being accused of 1,339 sanction violations for selling its products and services to individuals and companies in Russia and other certain other regions. These violations and more than 1,300 cases had taken place between the periods of July 2012 and April 2019. During this time, Microsoft has supposedly sold software licenses, activated software licenses, and related services from its and US and Ireland servers to “Specially Designated Nationals”.
In other words, the company is being hit with the fine for selling to blacklisted regions. These regions includes nations like Cuba, Iran, Syria, Russia, and the Crimea region of Ukraine as well. Microsoft and its Ireland and Russia subsidiaries has thus agreed on a settlement sum worth 2.98 million US Dollars with the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury following a previous Bureau of Industry and Security (BIS) settlement of 624,013 US Dollars.
The fines don’t end there as the BIS later hit the company with a 276,382 US Dollars credit, which brings the net settlement agreement to cross over 3.3 million US Dollars. Interestingly enough, 94 percent of all of these violations were from Russia, accounting for 1,252 out of the 1,339 cases. Meanwhile, 54 of these cases were from Cuba, 30 in Iran, and 3 in Syria.
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(Via)
