Clear all

Refine your search

1 results found

Ask Lexy

Sidley Austin LLP | Cuba, Iran, North Korea, etc. | 28 Aug 2015

Insurer settles alleged sanctions violations with OFAC

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a $271,815 settlement with a US-based company for 48 alleged violations of various OFAC sanctions programmes. This enforcement action highlights the need for insurers and reinsurers to integrate economic sanctions into their compliance procedures.
Previous page 1 Next page