LONDON, March 30 (Reuters) - Britain said it issued a 390,000 pound ($516,000) penalty to Ireland-based Apple Distribution International Limited, a subsidiary of the U.S.-based technology giant, over
UK fines Apple subsidiary $516,000 over Russia sanctions breach
Details of the UK Sanctions Penalty Against Apple Subsidiary
Background of the Penalty
LONDON, March 30 (Reuters) - Britain said it had issued a 390,000 pound ($516,000) penalty to Ireland-based Apple Distribution International Limited, a subsidiary of the U.S.-based technology giant, over a breach of its Russia sanctions.
Nature of the Breach
A notice from the government on Monday said ADI had made funds available to a designated person without a licence in relation to two payments in 2022.
Apple's Response to the Sanctions Breach
Statement from Apple
Apple said it followed the laws in countries where the company operates, and takes sanctions compliance "extremely seriously."
Proactive Reporting and Compliance Measures
"After identifying two payments to a developer that days earlier had become affiliated with a sanctioned entity, we promptly and proactively reported our finding to the UK government," it said in a statement.
Ongoing Compliance Efforts
"We are constantly working to enhance our already robust compliance protocols, which are consistent with industry standards."
Additional Information
($1 = 0.7556 pounds)
(Reporting by Sam Tabahriti; writing by Sarah Young; editing by Alistair Smout)
