NEWS

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:

  1. Iranian Transactions and Sanctions Regulations,

  2. Weapons of Mass Destruction Proliferators Sanctions Regulations,

  3. Sudanese Sanctions Regulations, and

  4. Cuban Assets Control Regulations

For more information see the Official Link.

Image source: https://de.wikipedia.org/wiki/American_International_Group

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