"The fine is, by Apple's standards, negligible: roughly 0.00001 per cent of the company's annual revenue. The precedent it sets is not."
"This is the first time a UK sanctions regulator has penalised a major technology platform for processing developer payments to a sanctioned entity."
"The payments went to Okko, a Russian video streaming service, which had been owned by Sberbank, Russia's largest bank and one of the first financial institutions sanctioned by Western governments."
"The UK sanctioned JSC New Opportunities in June 2022. Apple Distribution International made two payments to Okko in June and July 2022, totaling £635,618."
Apple Distribution International was fined £390,000 by the UK's Office of Financial Sanctions Implementation for making payments to Okko, a sanctioned Russian entity. The payments, totaling over £635,000, were made in 2022 and are significant as they mark the first penalty against a major tech platform for such actions. This case establishes that app store payment flows are subject to sanctions enforcement, requiring companies to know their developers and ownership changes. The payments were linked to Okko, which was previously owned by Sberbank, a sanctioned institution.
Read at TNW | Apple
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