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Settlements for Exports of Controlled Encryption Software to Iran

night image of network of lights with buildings in the background Settlements Exports Controlled - Software Encryption

SAP, a German multinational software corporation with a significant U.S. presence, recently settled allegations that it violated OFAC and BIS regulations concerning exports of software, upgrades, and patches from the United States to Iran and Iranian companies.  The settlement amounts totaled in excess of $6.4 million.

Watch the video as George W. Thompson, International Trade Attorney discusses the nature of the violations and what companies engaged in cloud-based software-as-a-service exports should be aware of.

You can read the original posting here > Thompson & Associates, PLLC

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