OFAC settlements with Allianz & Chubb over Cuba travel insurance violations – reliance on EU Blocking Regulation an aggravating factor
10 December 2019
OFAC has announced 2 settlements for $170,535, and $66,212 with Allianz Global Risks US Insurance Company (AGR US), and Chubb Ltd, respectively, for apparent violations of the Cuban Assets Control Regulations (CACR), 31 C.F.R,...