UK fines Apple subsidiary $516,000 over Russia sanctions breach

LONDON, March 30 (Reuters) - Britain said it had 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.

Apple AAPL.O said it followed the laws in countries where the company operates, and takes sanctions compliance "extremely seriously."

"After identifying two payments to a developer that days earlier had become affiliated with a sanctioned entity, we promptly and proactively reported our finding to the UK government," it said in a statement.

"We are constantly working to enhance our already robust compliance protocols, which are consistent with industry standards."

($1 = 0.7556 pounds)