By Maya Lester KC & Michael O’Kane

Navigators insurance company settles sanctions violations with OFAC

Navigators Insurance Company (NIC) has paid $271,815 to OFAC in settlement of its potential civil liability for 48 apparent violations of several US sanctions regimes. The violations occurred between 8 May 2008 and 1 April 2011, whereby NIC and its London branch issued global protection and indemnity insurance policies that covered North Korean-flagged vessels and incidents occurring in or involving...

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About Michael O'Kane

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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 &...

See profile for Michael O'Kane >

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