SAP Reaches Deal With U.S. After Violating Iran Sanctions (1)

The U.S. Justice Department said German software company SAP SE entered into a non-prosecution agreement after being the first company to come forward and voluntarily disclose that it violated export and sanctions laws related to Iran.

Under the accord, the company voluntarily admitted it illegally exported thousands of software products to companies in Iran and front companies outside of Iran in violation of sanctions and agreed to help U.S. agencies conduct further investigations, the department announced Thursday.

SAP -- Europe’s biggest software maker -- agreed to pay combined penalties of more than $8 million as part of a resolution with ...