Foreign Assets Control Regulations

The Foreign Assets Control Regulations (FACR), enforced by the U.S. Department of the Treasury, govern how U.S. individuals and companies can interact with foreign assets and entities. They aim to prevent certain transactions with targeted countries, organizations, or individuals, often for reasons like national security or foreign policy. This includes restrictions on investments, financial dealings, and exports. The FACR ensure that U.S. persons comply with sanctions and embargoes, essentially acting as rules to control and monitor international financial activities to promote foreign policy objectives and prevent illicit conduct.