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Results: 1-10 of 47

EU sanctions against Iran - extended for insurers, reinsurers and brokers

  • Herbert Smith Freehills LLP
  • -
  • European Union, Iran
  • -
  • April 2 2012

The EU's on-going concern about Iran's nuclear program has led to the implementation of further measures designed to bring economic pressure to bear upon the Iranian regime

Aon Energy settles with OFAC after alleged sanctions violations

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • February 15 2011

Aon International Energy, Inc. ("Aon Energy") has entered a $36,000 settlement with the Office of Foreign Assets Control ("OFAC") after allegations that the broker violated the Iranian Transactions Regulations

IFCPA potentially expands US sanctions against Iran to non-US insurers and reinsurers

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • May 29 2013

President Obama signed the National Defense Authorization Act for Fiscal Year 2013 into law in January 2013, which includes a section entitled the

Iran Sanctions Update: Council Regulation (EU) No. 9612010

  • Reed Smith LLP
  • -
  • European Union, Iran
  • -
  • October 28 2010

ContextThe EU Council Decision of 26 July 2010 was only immediately effective against those to who it was addressed, i

California Department of Insurance settles suit over Iran investments

  • Barger & Wolen LLP
  • -
  • Iran, USA
  • -
  • February 6 2012

On January 27, the California Department of Insurance (“DOI”) issued a news release that it had reached a settlement in its lawsuit that sought to require insurers to disclose investments in companies doing business with Iran

Insurance: Iran sanctions

  • CMS Cameron McKenna
  • -
  • European Union, Iran
  • -
  • October 23 2012

Last week saw the Council of the EU strengthen its position on Iran in the wake of similar US measures over the summer

New York widens its probe into possible Iran-related transactions by accredited reinsurers

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • July 25 2013

As previously reported here, the New York Department of Financial Services ("DFS") began a string of investigations last month into possible

New York Department of Financial Services looks at non-US reinsurers’ compliance with Iran sanctions law

  • Steptoe & Johnson LLP
  • -
  • Iran, USA
  • -
  • July 2 2013

For a state regulator, the New York Department of Financial Services ("DFS" or the "Department") has demonstrated an unusual interest in enforcing

EU sanctions on Iran

  • Hogan Lovells
  • -
  • European Union, Iran
  • -
  • August 9 2010

On 26 July 2010, the European Union ("EU") adopted a set of new wide-reaching sanctions against Iran, which are of particular interest to companies in the financial services (including insurance), oil and gas, and transportation sectors

Four insurers subpoenaed as part of Iranian sanctions investigation; suspected of insuring foreign commodities trader accused of violating trade sanctions against Iran

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • April 11 2014

The New York Department of Financial Services ("DFS") has issued subpoenas to four insurers as part of an ongoing probe into violations of U.S. trade