OFAC fines US insurance organisation for Russia sanctions violations

22 December 2023

OFAC fines US insurance organisation for Russia sanctions violations

OFAC has announced a settlement agreement with Privilege Underwriters Reciprocal Exchange (PURE), an insurance organisation based in New York, pursuant to which PURE has agreed to pay $466,200 to settle its potential civil liability...

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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...

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