Virginia IT Company May Have Violated US Sanctions, SEC Filing Says

A Virginia-based information technology company may have violated U.S. sanctions in 2017, the company said in a quarterly filing with the Securities and Exchange Commission for the period ended on Sept. 30. The company, DXC Technology, said it voluntarily disclosed possible violations to the Office of Foreign Assets Control stemming from “insurance premium data and claims data” processed by two partially owned joint ventures of Xchanging, a London technology company that DXC acquired in 2017. DXC also sent a copy of the disclosure to the United Kingdom’s Office of Financial Sanctions Implementation. The company said it is “finalizing its internal investigation” of the violations and plans to give OFAC more information in early 2020.