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 Control Regulations
For more information see the Official Link.
Image source: https://de.wikipedia.org/wiki/American_International_Group
