U.S. prosecutors said Thursday that German software giant SAP will pay more than $8 million in penalties in acknowledging that it illegally exported its products to Iran.
The U.S. said the company could have faced stiffer penalties and prosecution had it not voluntarily disclosed the activities that violated American sanctions against Iran.
The company agreed to the penalties and changes to its business practices as part of an agreement with the U.S. departments of Justice, Commerce and Treasury.