UK fines Apple subsidiary $516,000 over Russia sanctions breach
Reuters03-30 16:48
UK fines Apple subsidiary $516,000 over Russia sanctions breach
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 a breach of its Russia sanctions.
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.
($1 = 0.7556 pounds)
(Reporting by Sam Tabahriti; writing by Sarah Young; editing by Alistair Smout)
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