OFAC has reached a settlement with New York-based insurance organization Privilege Underwriters Reciprocal Exchange (PURE), requiring PURE to pay $466,200 for 39 potential violations of US Russia sanctions. The violations occurred when PURE issued insurance policies to Medallion, a company owned by Viktor Vekselberg, who was designated by OFAC in April 2018. Despite the designation, PURE collected $308,391 in insurance premiums and paid a $7,500 claim post-sanctions. The settlement amount reflects OFAC’s determination that PURE’s violations were not voluntarily disclosed and were non-egregious.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}