Generali Global Assistance, a travel assistance services company, has agreed to pay approximately $5.9 million for violating U.S. sanctions on Cuba in addition to committing to a series of sanctions compliance commitments, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced Thursday.
According to the settlement agreement, between June 2010 and January 2015, Generali Global Assistance (GGA) served as a travel service provider for two Canadian insurers that offered medical expense reimbursement and other travel services for non-U.S. Canadian subscribers who traveled to Cuba. GGA provided medical expense claims processing and payment services to support the claims paid to Canadian travelers who were insured under a group policy issued by one of those Canadian insurers.
