American Life Insurance Company — $178,421 OFAC penalty
OFAC published a $178,421 civil penalty against American Life Insurance Company on 11/14/2024. It is the #192 largest action in OFAC’s 1,052-entry enforcement chart and #9 of the 12 actions published that year.
The record
| Entity, as published by OFAC | American Life Insurance Company |
|---|---|
| Penalty / settlement amount | $178,421 |
| Date published by OFAC | 11/14/2024 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #192 of 1,052 |
| Rank within 2024 | #9 of 12 |
| Share of 2024 penalty total | 0.4% |
| Statutory maximum penalty | $858,125,016 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Iran |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $858,125,016. The settled amount of $178,421 is 0.0% of that maximum, which OFAC's Enforcement Guidelines tie to factors including voluntary self-disclosure and whether the conduct was egregious.
Primary source
OFAC enforcement release: 20241114_alico.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2024 actions
- C.H. Robinson International, Inc. — $257,690
- An Individual — $45,179
- Córdoba Music Group — $41,591
- SkyGeek Logistics, Inc. — $22,172
- Mondo TV, S.p.a. — $538,000
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