Fokker Services US Settlement

As Fokker Services announced on 5 June 2014, it entered into agreements with the US Department of Justice (DOJ), US Department of Treasury Office of Foreign Assets Control (OFAC) and the US Department of Commerce Bureau of Industry and Security (BIS) relating to historical conduct involving transactions and customers in US sanctioned countries (Iran, Sudan and Burma).

The DOJ settlement, in the form of a deferred prosecution agreement, was pending review by the Federal District Court for the District of Columbia. On 5 February 2015, the Court published a Memorandum Opinion and Order. The Memorandum Opinion states that the Court was “declining to approve” the deferred prosecution agreement.

After careful review of the Court’s decision, Fokker Services decided to file a Notice of Appeal.

Fokker Services has noticed recent press articles which contain highly speculative assumptions and amounts, not based on facts. Fokker cannot run ahead of the outcome of its appeal and will make further announcement only if and when applicable.