Violation Tracker Individual Record

Company: 
National Oilwell Varco
Current Parent Company: 
National Oilwell Varco
Penalty: 
$25,000,000
Year: 
2016
Date: 
November 9, 2016
Offense Group: 
financial offenses
Primary Offense: 
economic sanction violation
Violation Description: 

National Oilwell Varco entered into settlement agreements to resolve investigations by the U.S. Department of Justice, the Department of Commerce, Bureau of Industry and Security, the U.S. Department of Treasury, Office of Foreign Assets Control and the U.S. Immigration and Customs Enforcement regarding non-compliance with U.S. export trade laws and regulations.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-Southern District of Texas
Civil or Criminal Case: 
civil and criminal
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oilfield services and supplies
Specific Industry of Parent: 
oilfield equipment
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.