The New York Department of Financial Services is asking Lloyd's of London officials for details about an internal Lloyd's market probe regarding potential violations by its managing agents of U.S. laws barring companies from doing business with Iran.
The Aug. 27 letter from the DFS was prompted by a July 30 letter sent to the New York DFS by Lloyd's.
That letter told the DFS that the Lloyd's market has determined it has contracts with two firms, Glencore Xstrata Plc and Trafigura Beheer BV, that were linked to alleged shipments of thousands of tons of alumina to an Iranian firm that provided aluminum for Iran's nuclear program.
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