30 Mar, 10:15··
Apple subsidiary fined for Russian sanctions breach
Apple’s subsidiary, ADI, was fined £390,000. The company made payments to a Russian streaming platform. This violated UK sanctions against Russia.
Apple Distribution International (ADI) received the fine from the UK government. ADI sent money to Okko, a Russian streaming service. The money went to a company linked to Sberbank. Sberbank is a bank that the UK has sanctioned. ADI told the authorities about the problem itself.
Summarized from the sources above. Read the originals for the full story.
Highlights
ADI Fined for Russian Payments
Apple’s subsidiary, ADI, was fined £390,000.
Payments to Okko Were Involved
ADI made payments to the Russian streaming platform Okko.
Payments Made in 2022
The payments were made in June and July 2022.
Linked to Sanctioned Bank
The payments went to a company previously owned by Sberbank.
ADI Disclosed Breach Voluntarily
ADI told OFSI about the breaches.
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