Categories: FeaturedTechnology

US fines software Firm SAP $8M over Iran sanctions

U.S. prosecutors said Thursday that applications giant SAP Will Need to pay $8 million in fines in recognizing allegations that it illegally exported its goods to Iran

WASHINGTON — U.S. prosecutors said Thursday that applications giant SAP is going to need to pay $8 million in fines in recognizing allegations that it illegally exported its goods into Iran.

The U.S. explained the German firm would have faced stiffer penalties had itn’t systematically revealed the actions which violated American sanctions against Iran.

The Business consented to the penalties as part of an arrangement with all the U.S. departments of Justice, Commerce and Treasury.

SAP said it welcomed the settlement in a statement Thursday.

Berkan Aslan

Recent Posts

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is nice to benefit from an influx…

1 month ago

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the thermometer are enough to make us…

1 month ago

Rain spell next week: here are the regions affected

France is coming out of a week of extreme cold, with temperatures which, locally, reached…

1 month ago

Home help in 2024: some elderly people will pay more than expected

When loss of autonomy comes knocking at the door of elderly people, staying at home…

1 month ago

Portugal: a tax haven for individuals and retirees

More and more individuals, but also retirees, are choosing to go into exile in Portugal…

1 month ago

CSG: how much will you pay in 2024?

CSG, CRDS, Casa… Social security contributions are numerous and can sometimes significantly impact the amount…

1 month ago