Schlumberger Oilfield Holdings Pleads Guilty and Will Pay More than $232 Million For Violating U.S. Sanctions Concerning Iran and Sudan

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Thursday, April 2, 2015
Author: 
Bruce Zagaris
Volume: 
31
Issue: 
4
Abstract: 

On March 25, 2015, the U.S. Department of Justice announced that Schlumberger Oilfield Holdings Ltd. (SOHL), a wholly-owned subsidiary of Schlumberger Ltd., has agreed to enter a guilty plea and to pay a $232,708,356 penalty to the United States for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan.