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#1959106 - 09/03/14 09:28 PM Insurance Customers
LAK Offline
Junior Member
Joined: Oct 2012
Posts: 43
Transactions subject to OFAC does not detail insurance, yet it is a regulated industry. If anyone would like to help with my confusion, would our bank insurance agency be required to check OFAC on potential insurance agency clients? Thanks

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#1959129 - 09/03/14 11:27 PM Re: Insurance Customers LAK
Xian Ngyuen Offline
100 Club
Joined: Aug 2013
Posts: 221
http://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Documents/06032010.pdf

"GEICO provided an automobile insurance policy without an OFAC license to an individual named as a Specially Designated Narcotics Trafficker (“SDNTK”) pursuant to the Foreign Narcotics Kingpin Designation Act."
Last edited by Xian Ngyuen; 09/03/14 11:27 PM.
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