The American Steamship Owners Mutual Protection and Indemnity Association, Inc.

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
The American Club processed 21 P&I insurance claims, one LOU, and issued five letters of indemnity as security or countersecurity for an LOU totaling $488,453.65 between January 27, 2004, and August 8, 2006, involving Iran in apparent violation of the ITR.
Fine:
Total Fine
$348,000.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$348,000.00
Source:
Treasury, “Enforcement Information for May 9, 2013.”
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