US Fines Apple $465,000 for Allegedly Violating Sanctions

Apple was fined about $465,000 for violating foreign narcotics kingpin sanctions regulations after it hosted, sold and “facilitated the transfer” of software applications and content belonging to a sanctioned company, Treasury Department’s Office of Foreign Assets Control said Monday. Apple allegedly dealt in “the property and interests” of SIS, a Slovenian software company added to OFAC’s specially designated nationals list in 2015. Apple didn't comment Tuesday.