UK Fines Apple Distribution International £390,000
On March 19, the U.K.'s Office of Financial Sanctions Implementation, part of HM Treasury, imposed a penalty of GBP 390,000 on Apple Distribution International Limited, an entity incorporated in the Republic of Ireland and a subsidiary of the US technology company Apple Inc, in accordance with section 146 of the Policing and Crime Act. OFSI said it imposed the penalty for breaches of the Russia Regulations 2019, namely regulation 12 which prohibits making funds available to a person owned or controlled by a designated person.