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Apr 16, 2015

"Facilitation": A New Tool for Extraterritorial Sanctions Enforcement?

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Recent OFAC and DOJ actions have focused on certain entities—overseas financial institutions—and particular conduct—US dollar clearing and associated “stripping.” The DOJ’s recent $232 million settlement and negotiated criminal plea with Schlumberger Oilfield Holdings Ltd., however, reflects a break from this trend. Relying on a theory of “facilitation” and wielding aggressive criminal charges, the DOJ dramatically expanded the scope of prior criminal enforcement actions in the OFAC arena. The DOJ’s latest stance also signaled to US manufacturing companies: there is more to come.

View full memo, “Facilitation”: A New Tool for Extraterritorial Sanctions Enforcement?

Authors and Contributors

Paula Howell Anderson

Partner

Litigation

+1 212 848 7727

+1 212 848 7727

New York

Stephen Fishbein

Partner

Litigation

+1 212 848 4424

+1 212 848 4424

New York

Christopher L. LaVigne

Partner

Litigation

+1 212 848 4432

+1 212 848 4432

New York

Danforth Newcomb

Of Counsel

Litigation

+1 212 848 4184

+1 212 848 4184

New York

Philip Urofsky

Partner

Litigation

+1 202 508 8060

+1 202 508 8060

Washington DC

Brian G. Burke

Partner

Litigation

+1 212 848 7140

+1 212 848 7140

New York