A Houston-based subsidiary of oilfield services company Schlumberger has been fined approximately $1.4 million by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for selling goods to a Russian-based energy firm that was under U.S. sanctions.
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:... More by Aaron Nicodemus
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