The Treasury Department’s Office of Foreign Asset Control is an enforcement agency – it is not a regulatory agency. That sounds like a lot of bureaucratic speak but it does have some real significance ...

While OFAC is responsible for promulgating, developing, and administering sanctions for the U.S. Secretary of the Treasury, bank regulatory agencies cooperate in ensuring OFAC financial institution ...

The Office of Foreign Assets Control (OFAC) has implemented new sanctions against individuals and entities involved in activities that threaten US national security, foreign policy, and economy. These ...

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