Under U.S. law, all businesses—including insurers—are legally bound by the Office of Foreign Assets Control (OFAC) regulations. This session will demystify the OFAC rules and explain how they may apply to insurers when issuing policies, accepting premium payments, or engaging with individuals or entities on the Specially Designated Nationals and Blocked Persons List (SDN). We’ll also explore new sanction mandates introduced in 2025 that expand compliance expectations for life insurers and U.S.-based companies operating both domestically and abroad. These new mandates have widened the list of sanctioned entities—including family and associates of Russian oligarchs with properties in the U.S. and the businesses supporting Mexican cartels. This broader list means a higher risk that these entities may be hidden in your book of business.

Whether you are in underwriting, compliance or operations, this webinar can help you understand the risks, responsibilities and real-world implications of OFAC for the life insurance industry.