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Podcast: Corruption Crime & Compliance
Episode: Microsoft Pays OFAC and BIS Over $3.3 Million to Settle OFAC Sanctions Violations
Description: Microsoft recently paid over $3 million for multiple sanctions violations involving illegal exports of services and software to sanctioned jurisdictions. The violations spanned seven years and involved prohibited Russian entities or persons located in the Crimea region of Ukraine. However, what makes this case particularly intriguing is the remedial actions taken by Microsoft, which offer best practices and insights into what can be done when resources are available. In this week's episode of Corruption, Crime, and Compliance, Michael Volkov takes a deep dive into the Microsoft OFAC enforcement action.He discusses these ideas:Microsoft...