What is OFAC? | LegaMart

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QuestionAug 21, 2022 - 13:57

What is OFAC?

What is OFAC?

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Aug 31, 2022 - 6:42

OFAC stands for the Office of Foreign Assets Control. It is the federal agency in the U.S. Department of the Treasury responsible for the administration, implementation, and enforcement of economic sanctions programs. The agency works closely with other federal agencies and the intelligence community to develop sanctions programs that further U.S. foreign policy and national security objectives.

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