The company caught the issue and reported itself.
The Treasury says the company was lax in checking where its software ended up but that it did end up catching and fixing the issue.Microsoft has agreed to pay over $3 million in fines for selling software to sanctioned entities and individuals in Cuba, Iran, Syria, and Russia from 2012 to 2019.
The Treasury also says that Microsoft had some other gaps in its compliance procedures. There were apparently instances when it had information that should have alerted it to the fact that a sanctioned party was using its products, but it didn’t catch it for a variety of reasons.
The fines may seem like a small drop in the bucket for Microsoft, especially when the Treasury says the company netted around $12 million from the sales. However, despite the Treasury saying that Microsoft “demonstrated a reckless disregard for U.S. sanctions,” it seems to be cutting the company a fair amount of slack because of how it handled the situation.
That last part is probably the biggest deal. All of this happened before Russia’s most recent invasion of Ukraine , but since early 2022, the number of
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft Edge launches Workspaces test that lets you share browser tabsShare multiple tabs with a single link.
Read more »
Microsoft’s Bill Gates rejects Elon Musk backed letter to pause AIMicrosoft co-founder, Bill Gates, has rejected Elon Musk-backed proposal to halt the development of potent artificial intelligence (AI).
Read more »
OneNote is getting Microsoft’s new AI Copilot to help you write your notesMicrosoft starts testing Copilot in OneNote
Read more »
Microsoft’s Windows 365 Cloud PCs get more flexible, LG TV integration, and moreWindows 365 Frontline enters public preview today.
Read more »
FTC favors competitors over competition in fight against MicrosoftMicrosoft announced it would acquire Activision Blizzard, a video game company and developer of the Call of Duty franchise, on Jan. 18, 2022. Over one year later, the $69 billion deal is awaiting regulatory approval from antitrust authorities who are too concerned about rivals.
Read more »
Microsoft’s rolling out Edge’s AI image generator to everyoneDALL-E in the sidebar.
Read more »