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Legal Mag > Blog > General Counsel > Sanctions Compliance Tripping Up Tech Firms
General Counsel

Sanctions Compliance Tripping Up Tech Firms

Press Room
Press Room 1 month ago
Updated 2023/04/28 at 10:04 AM
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Microsoft and the crypto exchange Kraken are just two of the tech companies recently hit with fines over sanctions violations, a growing area of risk for the industry.

Earlier this month, the U.S. Department of Commerce and the U.S. Department of the Treasury imposed a $3.3 million penalty on Microsoft, saying the tech giant had allowed sanctioned Russian companies to access Microsoft software, among other violations.

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