US fines software company SAP $8M over Iran sanctions

US fines software company SAP $8M over Iran sanctions

3 years ago
Anonymous $OlGJJXacOb

https://apnews.com/9ddca20ef1104d59e8b513ce061979ce

WASHINGTON (AP) — U.S. prosecutors said Thursday that software giant SAP will have to pay $8 million in penalties in acknowledging allegations that it illegally exported its products to Iran.

The U.S. said the German company would have faced stiffer penalties had it not voluntarily disclosed the activities that violated American sanctions against Iran.