US life insurance company settles over Iran sanctions violations

15 November 2024

US life insurance company settles over Iran sanctions violations

OFAC has announced a $178,421 settlement with American Life Insurance Company (ALICO, a subsidiary of MetLife, Inc) for 2,331 apparent violations of OFAC’s Iran sanctions by providing insurance policies to UAE entities owned or...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor...

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