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,...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions.