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Trading With the Enemy: Avoiding Insurance Industry Compliance Pitfalls

May 25, 2021 (1 min read)

Learn about the dangers insurers face from inadvertently trading with the enemy in this practice note that addresses a company’s obligations to the Office of Foreign Asset Control (OFAC). Includes potential violations with respect to issuing policies, receiving premiums, facilitating transactions, or otherwise engaging with a person or entity on the Specially Designated Nationals and Blocked Persons List. 

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