OFAC (Office of Foreign Assets Control)

The Office of Foreign Assets Control (OFAC) is a part of the U.S. Treasury Department that administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals. OFAC targets countries and individuals involved in activities such as terrorism, drug trafficking, and human rights abuses. It restricts financial transactions with these entities to prevent them from accessing the U.S. financial system. By enforcing these sanctions, OFAC aims to promote national security and support international efforts to combat illegal activities and human rights violations.