Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Atradius Trade Credit Insurance, Inc.

Atradius Trade Credit Insurance, Inc. (“ATCI”) of Hunt Valley, Maryland, a trade credit insurer licensed to operate in the state of Maryland, is a subsidiary of Atradius N.V. ATCI has agreed to remit $345,315 to settle its potential civil liability for two apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. Part 598. The Office of Foreign Assets Control (OFAC) has determined that ATCI did not make a voluntary self-disclosure of the Apparent Violations, and that these Apparent Violations constitute a non-egregious case.

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