THE UK has fined a subsidiary of U.S.-based technology giant Apple £390,000 ($516,000) over a breach of its Russia sanctions.
THE UK has fined an Ireland-based Apple Distribution International, a subsidiary of the U.S.-based technology giant, £390,000 ($516,000) over a breach of its Russia sanctions.
A notice from the governmen said ADI had made funds available to a designated person without a licence in relation to two payments in 2022.
Apple said it followed the laws in countries where the company operates. It added that it takes sanctions compliance “extremely seriously.”
The notice from the UK government is available [HERE].
“After identifying two payments to a developer that days earlier had become affiliated with a sanctioned entity, we promptly and proactively reported our finding to the UK government,” it said in a statement.
“We are constantly working to enhance our already robust compliance protocols, which are consistent with industry standards.”
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