Stonetrust is an Equal Opportunity Employer committed to full compliance with all applicable state and federal laws, rules, and regulations across all aspects of business. This includes strict compliance with regulations set forth by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) regarding policy issuance, claims payments, and business transactions.
In accordance with these laws, we are prohibited from contracting with or providing insurance or other benefits to any individuals, entities, vessels and countries appearing on OFAC’s list of “Specially Designated Nationals and Blocked Persons, “BIS’ “Denied Persons List,” or otherwise identified in connection with other economic sanctions programs that OFAC and/or BIS are charged with enforcing.
In the event that Stonetrust is informed that individuals and/or entities which have a direct or indirect interest in the quoted insurance coverage and/or claim are subject to U.S. or foreign financial sanctions laws or appear on any domestic or foreign list of persons maintained in accordance with the aforementioned laws and regulations, Stonetrust reserves the right to withdraw any coverage and/or refuse to pay any claim for benefits.
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