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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Schlumberger Subsidiary Fined $232.7 Million for Sanctions Violations
Schlumberger Oilfield Holdings, a subsidiary of oilfield services giant Schlumberger, has entered into a guilty plea and will pay a record $232.7 million criminal fine for economic sanctions violations. The amount is the largest criminal fine in connection with an International Emergency Economic Powers Act prosecution. Details inside.
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