Microsoft to Pay $2.98M to Settle Sanctions Violations, US Says

Microsoft Corporation has agreed to pay $2.98 million to settle apparent sanctions violations, the Treasury Department says in a statement.

• The settlement amount reflects OFAC’s determination that Microsoft’s conduct was non-egregious and voluntarily self-disclosed, Treasury says
• Alleged violations include sanctions related to Cuba, Iran, Syria, Russia

To contact the reporter on this story:
Lauren Dezenski in Washington at ldezenski@bloomberg.net

To contact the editors responsible for this story:
Megan Howard at mhoward70@bloomberg.net

Se Young Lee, Lauren Dezenski

© 2023 Bloomberg L.P. All rights reserved. Used with permission.