On 8 June 2017, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with American Honda Finance Corporation (AHFC), a California company, under which AHFC agreed to pay US$87,255 to settle apparent violations of Cuba sanctions. Separately, on 26 June 2017, OFAC announced a settlement agreement with American International Group, Inc. (AIG), a Delaware company headquartered in New York, under which AIG agreed to pay US$148,698 to settle apparent violations of sanctions related to Iran, Sudan, Cuba and weapons of mass destruction.
OFAC Announces Settlement Agreements With American Honda Finance Corporation and American International Group, Inc.
Wednesday, July 26, 2017
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