Exxon Mobil Corporation’s end-of-year victory in a sanctions case before a federal court in Texas just might empower others in the regulated community to challenge the imposition of fines for alleged violations of sanctions regulations, some industry observers say.
On Dec. 31, 2019, the U.S. District Court for the Northern District of Texas agreed with the energy company that a $2 million fine imposed by the Office of Foreign Assets Control (OFAC) for allegedly violating Ukraine-related sanctions regulations should not stand.
