National Oilwell Varco, Inc. — $5,976,028 OFAC penalty
OFAC published a $5,976,028 civil penalty against National Oilwell Varco, Inc. on 11/14/2016. It is the #47 largest action in OFAC’s 1,052-entry enforcement chart and #2 of the 9 actions published that year.
The record
| Entity, as published by OFAC | National Oilwell Varco, Inc. |
|---|---|
| Penalty / settlement amount | $5,976,028 |
| Date published by OFAC | 11/14/2016 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #47 of 1,052 |
| Rank within 2016 | #2 of 9 |
| Share of 2016 penalty total | 27.7% |
| OFAC egregiousness determination | Egregious |
| Conduct period cited | October 2002 - April 2005 |
| Sanctions programs named in the release | Iran, Cuba, Sudan |
Primary source
OFAC enforcement release: 20161114_varco.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2016 actions
- Alcon Laboratories, Inc., Alcon Pharmaceuticals Ltd., and Alcon Management, SA — $7,617,150
- PanAmerican Seed Company — $4,320,000
- Barclays Bank Plc — $2,485,890
- CGG Services S.A., and Its Affiliated Companies — $614,250
- Halliburton Atlantic Limited and Halliburton Overseas Limited — $304,706
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