Published by Global Banking & Finance Review®
Posted on March 30, 2026
1 min readLast updated: March 30, 2026
Add as preferred source on GoogleThe UK has fined Apple Distribution International Ltd (Ireland‑based) £390,000 (approx. $516,000) for making funds available to a sanctioned individual without a licence via two payments in 2022.
LONDON, March 30 (Reuters) - Britain said it issued a 390,000 pound ($516,000) penalty to Ireland-based Apple Distribution International Limited, a subsidiary of the U.S.-based technology giant, over a breach of its Russia sanctions.
A notice from the government on Monday said ADI had made funds available to a designated person without a licence in relation to two payments in 2022.
($1 = 0.7556 pounds)
(Reporting by Sam Tabahriti; writing by Sarah Young; editing by Alistair Smout)
Apple Distribution International was fined for making funds available to a designated person in Russia without a licence, breaching UK sanctions.
The UK imposed a penalty of £390,000, equivalent to $516,000, on Apple Distribution International.
The breach occurred in relation to two payments made in 2022.
Apple Distribution International is based in Ireland and is a subsidiary of the U.S.-based technology giant Apple.
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