OFAC reaches $345k settlement agreement with Atradius Trade Credit Insurance

OFAC and Atradius Trade Credit Insurance have agreed a settlement of $345,315 to settle ATCI’s civil liability for 2 violations of the Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. Part 598. In 2016, OFAC designated Grupo Wisa and the Soho Mall Panama under the Kingpin Act (see post). ATCI was instructed by an American cosmetics company to collect a $5.7m …

United StatesUnited States

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

See profile for Michael O'Kane >