OFAC's Penalties on American International Group (AIG)
Yesterday, the U.S. Department of Treasury's OFAC has announced the settlement of amount of $148,698 with an American International Group (AIG). Since 2007, AIG has been engaged in 555 violations against sanction regulations with $396,530 as a total amount of settlement. The sanctions that were violated by AIG are: Iranian Transactions and Sanctions Regulations, Weapons of Mass Destruction Proliferators Sanctions Regulations, Sudanese Sanctions Regulations, and Cuban Assets