Home Internet US fines software company SAP $8M over Iran sanctions

US fines software company SAP $8M over Iran sanctions

by Mary Sewell

The U.S. said the German company would have faced stiffer penalties had it not voluntarily disclosed the activities that violated American sanctions against Iran.

The company agreed to the penalties as part of an agreement with the U.S. departments of Justice, Commerce, and Treasury.

SAP said it welcomed the resolution in a statement Thursday.

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