Law360, New York (April 17, 2015, 10:26 AM EDT) -- On March 25, 2015, Schlumberger Oilfield Holdings Ltd., a non-U.S., wholly owned subsidiary of Schlumberger Ltd., the world's largest oilfield services company, pled guilty to conspiring to violate U.S. sanctions laws on Iran and Sudan. SOHL agreed to pay approximately $232.7 million, including a $77.6 million forfeiture and a $155.1 million criminal fine. This represents the largest criminal fine ever levied for a sanctions violation under the International Emergency Economic Powers Act, although it is not the largest total penalty, with numerous non-U.S. banks in particular having paid several hundreds of millions of dollars in forfeiture and civil penalties in connection with sanctions settlements....
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