Apple Fined £390,000 by UK Over Russian Sanction Breaches (1)

Apple Inc.’s European subsidiary was fined £390,000 ($516,110) by the UK for breaching Russian sanctions.

The Office of Financial Sanctions Implementation found that in 2022 Apple Distribution International Ltd. paid £635,618 to Russian streaming platform Okko LLC. Republic of Ireland-based ADI voluntarily disclosed the payments, that were made via UK banks, to the government agency.

At the time both payments were executed in June and July 2022 Okko was subject to UK sanctions following Russia’s invasion of Ukraine.

OFSI said that Apple had relied on corporate affiliates to implement payment processes, sanctions screening and due diligence measures. Apple said ...