American Life Insurance pays OFAC after agent works around Iran sanctions

American Life Insurance Company (ALICO), part of MetLife, Inc., has settled with the Office of Foreign Assets Control (OFAC) over apparent violation of US sanctions on Iran; it will pay a civil penalty of US$178,421.

American Life Insurance Company (ALICO), part of MetLife, Inc., has settled with the Office of Foreign Assets Control (OFAC) over apparent violation of US sanctions on Iran; it will pay a civil penalty of US$178,421.