In response to the alleged violations, Microsoft and its Ireland and Russia subsidiaries agreed to a settlement worth $2.98 million with The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury. The company also paid $624,013 to the Bureau of Industry and Security (BIS). BIS later issued a $276,382 credit, bringing Microsoft’s net settlement to almost $3.3 million for both bodies.
Despite a maximum fine of more than $404.6 million, the OFAC decided that less than 1% of this would be sufficient given Microsoft’s voluntary self-disclosure of the apparent violations and the non-egregious nature of the case despite the “reckless disregard for US sanctions.”
