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US Treasury reaches settlement with Microsoft over sanctions violations

2023.04.06 14:07


© Reuters. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes

WASHINGTON (Reuters) – The U.S. Treasury Department said on Thursday it has reached a settlement with Microsoft Corp (NASDAQ:) 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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