Schlumberger Oilfield Holdings Ltd., a wholly owned subsidiary of Schlumberger Limited, recently agreed to enter a guilty plea and to pay a $232.7 million penalty to the federal government for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by willfully facilitating illegal transactions and engaging in trade with the sanctioned nations of Iran and Sudan, according the U.S. Justice Department.
Schlumberger Oilfield Holdings’ (SOHL) monetary penalty includes a $77.6 million criminal forfeiture and an additional $155.1 million criminal fine, which represents the largest criminal fine ever in connection with an IEEPA prosecution.
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