Office of Foreign Assets Control (OFAC)

The Office of Foreign Assets Control (OFAC) is an agency within the US Treasury Department which is responsible for financial intelligence and economic and trade sanctions. This regulatory authority enforces sanctions that are directed at specific foreign countries, regimes, terrorists, drug traffickers, individuals involved in weapons proliferation, and other threats to US national security, foreign policy, or economy.

Frequently asked questions

1

What is the Purpose of OFAC?

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2

What is an OFAC Check?

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3

Who is Subject to OFAC Regulations?

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4

How Do OFAC Sanctions Work?

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5

What are the Two Types of OFAC Sanctions?

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6

How to Avoid Violating OFAC Sanctions?

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7

Do OFAC Regulations Apply to Virtual Assets?

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8

What are the Consequences of Non-Compliance with OFAC Rules?

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