American Bankers Life OFAC Settlement: $1.3K (2007)

Last updated: July 20, 2026

American Bankers Life Assurance Company of Florida settled allegations of violations of the Narcotics Trafficking Sanctions Regulations by remitting $1,271.50. OFAC alleged that the company violated the Regulations by processing premium payments on insurance policies on the lives of two persons who have been named as Specially Designated Narcotics Traffickers. The violations occurred between October and December 2003. American Bankers Life Assurance Company of Florida voluntarily disclosed this matter to OFAC.

Penalty Amount

$1,271.50

Enforcement Date

July 6, 2007

Rank in Top Penalties

#917

Case Details

Type:: Entity
Name:: American Bankers Life Assurance Company of Florida
Country:: 🇺🇸 United States
Industry:: Insurance
Address:: Miami, FL
Penalty amount:: $1,271.50
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: October 2003 to December 2003
Program:: Narcotics Trafficking Sanctions Regulations
Enforcement date:: July 6, 2007

Official Source Documents

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Archived on June 13, 2026

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