Future Tech

US Treasury reaches settlement with Microsoft over sanctions violations

Tan KW
Publish date: Fri, 07 Apr 2023, 08:27 AM
Tan KW
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Future Tech

WASHINGTON - The U.S. Treasury Department said on Thursday it has reached a settlement with Microsoft Corp over the tech firm's apparent sanctions violations.

Microsoft has agreed to remit about $3 million to settle its potential civil liability for more than 1,300 apparent sanctions violations in relation to restrictions on Cuba, Iran, Syria and Russia involving the exportation of services or software from the U.S. to sanctioned jurisdictions, the Treasury Department said in a statement.

The Treasury Department added that Microsoft's conduct was "non-egregious and voluntarily self-disclosed."

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