Latest Breaking News On - Iranian transactions - Page 19 : comparemela.com

US prosecutors fine German software company for violating sanctions against Iran

US prosecutors fine German software company for violating sanctions against Iran Jordan Williams © getty US prosecutors fine German software company for violating sanctions against Iran Federal prosecutors have imposed a fine on a German software company for violating suctions against Iran. Software giant SAP SE agreed to pay over $8 million as part of the resolution with the Department of Justice, Commerce Department and Treasury Department, authorities said Thursday. The company admitted to thousands of violations of the Export Administration Regulations and Iranian Transactions and Sanctions Regulations. Between 2010 and 2017, SAP and its overseas partners released U.S.-origin software, including upgrades and software patches, over 20,000 times to users in Iran.

Treasury departmentCommerce departmentDepartment of justiceAdministration regulationsBusiness groupExport administration regulationsIranian transactionsகருவூலம் துறைவர்த்தகம் துறைதுறை ஆஃப் நீதிவணிக குழுஇராநியந் பரிவர்த்தனைகள்

SAP admits to thousands of illegal software exports to Iran

SAP admits to ‘thousands’ of illegal software exports to Iran ZDNet 11 hrs ago © ZDNet SAP has reached a settlement with US investigators to close a prosecution relating to the violation of economic sanctions and the illegal export of software to Iran. Popular Searches Security The cloud software vendor admitted to violating existing sanctions and an embargo placed on the country by the United States. According to the US Department of Justice (DOJ), SAP violated both the Export Administration Regulations and the Iranian Transactions and Sanctions Regulations thousands of times over a period of six years. On Thursday, the DoJ said the investigation into SAP s practices a global case also involving the Department of the Treasury, Office of Foreign Assets Control (OFAC), Department of Commerce, and Bureau of Industry and Security (BIS) revealed two principle ways that economic sanctions had been broken.

United statesJohn demersUs department of justiceAdministration regulationsBureau of industryDepartment of commerceDepartment of the treasuryOffice of foreign assets controlCloud business group cbgsExport administration regulationsIranian transactionsSanctions regulationsForeign assets controlBusiness groupAssistant attorney general johnஒன்றுபட்டது மாநிலங்களில்

US prosecutors fine German software company for violating sanctions against Iran

US prosecutors fine German software company for violating sanctions against Iran
thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.

Treasury departmentCommerce departmentDepartment of justiceAdministration regulationsBusiness groupExport administration regulationsIranian transactionsகருவூலம் துறைவர்த்தகம் துறைதுறை ஆஃப் நீதிவணிக குழுஇராநியந் பரிவர்த்தனைகள்

German Software Firm SAP to Pay $2 1Mln to Settle Iran Sanctions Violations, US Treasury Says

To improve the performance of our website, show the most relevant news products and targeted advertising, we collect technical impersonal information about you, including through the tools of our partners. You can find a detailed description of how we use your data in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy. By clicking on the Accept & Close button, you provide your explicit consent to the processing of your data to achieve the above goal. You can withdraw your consent using the method specified in the Privacy Policy. Accept & Close Sputnik International

United statesDonald trumpJoe bidenIranian transactionsSanctions regulationsJoint comprehensive planஒன்றுபட்டது மாநிலங்களில்டொனால்ட் துருப்புஓஹோ பிடென்இராநியந் பரிவர்த்தனைகள்கூட்டு விரிவான திட்டம்

Steel Manufacturer Settles OFAC Charges For Iranian Sanctions Violations - International Law

To print this article, all you need is to be registered or login on Mondaq.com. An Oklahoma-based steel designer and manufacturer settled potential civil liability with OFAC for alleged violations of the Iranian Transactions and Sanctions Regulations ( ITSR ). According to OFAC, the company s Vice President of Engineering impermissibly imported services from an Iranian engineering company owned by the vice president s brother when demand exceeded the company s internal resources. OFAC alleged that several members of the company s senior management were aware that the transactions were taking place, and that the company to which the service work was being outsourced was Iranian.

Iranian transactionsSanctions regulationsVice presidentSteel manufacturer settles ofac charges for iranian sanctions violationsInternational lawExport controls amp trade investment sanctionsInternational trade amp investmentஇராநியந் பரிவர்த்தனைகள்துணை ப்ரெஸிடெஂட்சர்வதேச சட்டம்சர்வதேச வர்த்தகம் ஆம்ப் முதலீடு