Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. SAP SE
  6. News
  7. Summary
    SAP   DE0007164600

SAP SE

(SAP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sanctioning The Cloud: SAP Settlement Illustrates Increasing Trade Sanctions On The Global Flow Of Data

05/14/2021 | 08:09am EDT

The US government is increasingly prioritizing trade enforcement of the tech industry's global data services. This is reflected in SAP SE's global resolution with DOJ, Commerce and Treasury of allegations that the company provided software to users in Iran in violation of export and sanctions regulations.

SAP, a multinational software company based in Germany, entered into a non-prosecution agreement (NPA) with DOJ and two administrative agreements with the Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC) on April 29, 2021, after making voluntarily disclosures to all three agencies, acknowledging years of violations of the Export Administration Regulations (EAR) and the Iranian Transactions and Sanctions Regulations (ITSR).

SAP's apparent EAR and ITSR violations came about in two ways. First, SAP and third-party resellers allowed users in Iran to access software by downloading it directly from SAP servers in the United States or through SAP's US-headquartered content delivery provider. Second, SAP provided cloud-based software subscription services that were accessed remotely by Iranian users through SAP's cloud businesses in the United States.

The US government's NPA with SAP is part of a larger pattern. In the past 18 months, the US government has begun to focus on the tech industry's sanctions compliance and has brought enforcement actions against companies of all sizes—including Apple and Amazon—for providing services to sanctioned parties. For instance, in early 2020, OFAC took action against SITA, a Swiss telecommunications company, settling apparent violations involving the provision of messaging services that were routed through hardware located in the United States. In December 2020, OFAC announced a settlement agreement with BitGo as a result of BitGo's similar failure to filter out users with IP address in sanctioned countries and territories. The global resolution with SAP represents a continuation of the growing interest on the part of regulators to assert jurisdiction over the activities of tech companies—even where the main jurisdictional hook is the presence of information on US servers.

The SAP action highlights the great importance of risk-based sanctions compliance programs for global companies providing software products online, including cloud-based services. Just as the US government expects banks to monitor global money flows and to prevent prohibited transactions, these recent cases demonstrate that companies are similarly expected to monitor and ensure compliance throughout the global flow of data.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Alyssa T. Gerstner
Arnold & Porter
601 Mass. Ave., NW
Washington, DC
DC 20001-3743
UNITED STATES
Tel: 202942.5000
Fax: 202942.5999
E-mail: Anna.shelkin@apks.com
URL: www.arnoldporter.com

© Mondaq Ltd, 2021 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com, source Business Briefing

All news about SAP SE
09:21aPEOPLE ANALYTICS : Why Every HR Professional Needs to Be a Myth Buster
PU
08:33aDATA WAREHOUSING : A Critical Path to Customer Success in the Cloud
PU
06:26aAmazon, Apple most valuable brands but China's rising - Kantar survey
RE
06/18Fed Statement 'Very Bullish' For Tech Stocks, Wedbush Says
MT
06/18MORE THAN DATA : Why Master Data Management Is a Critical Part of Digital Readin..
PU
06/17SAPá : Help Shape the Future of E-Commerce for Wholesale Distribution
PU
06/17BLACKLINEá : offers cloud-based solutions for SAP software that enable fast time..
AQ
06/17GARTNERá : SAP Rated 4.7 Out of 5 in Gartner Inc.'s Peer Insights
AQ
06/17SAPá : Don't Forget That Employees Are Customers Too
PU
06/16European shares mark record-high close ahead of Fed
RE
More news
Financials
Sales 2021 27 365 M 32 602 M 32 602 M
Net income 2021 4 187 M 4 988 M 4 988 M
Net Debt 2021 6 477 M 7 717 M 7 717 M
P/E ratio 2021 32,7x
Yield 2021 1,54%
Capitalization 139 B 166 B 166 B
EV / Sales 2021 5,33x
EV / Sales 2022 5,04x
Nbr of Employees 103 142
Free-Float 84,9%
Chart SAP SE
Duration : Period :
SAP SE Technical Analysis Chart | SAP | DE0007164600 | MarketScreener
Technical analysis trends SAP SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 127,94 €
Last Close Price 118,20 €
Spread / Highest target 22,7%
Spread / Average Target 8,24%
Spread / Lowest Target -36,5%
EPS Revisions
Managers and Directors
NameTitle
Christian Klein Chief Executive & Operating Officer
Luka Mucic Chief Financial Officer
Hasso Plattner Chairman-Supervisory Board
Juergen Mueller Chief Technology Officer
Bernard Liautaud Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
SAP SE10.24%165 295
ORACLE CORPORATION17.84%219 812
INTUIT INC.24.63%129 361
SERVICENOW, INC.-3.03%105 386
DOCUSIGN, INC.23.45%53 469
CONSTELLATION SOFTWARE INC.11.80%31 391