Office of Foreign Assets Control

The Office of Foreign Assets Control (OFAC) is a U.S. government agency that manages and enforces economic sanctions against countries and individuals involved in activities that threaten national security, foreign policy, or economy. These sanctions can restrict trade, freeze assets, and limit financial dealings with sanctioned entities. OFAC aims to promote U.S. interests and uphold international laws by discouraging actions like terrorism, human rights abuses, and narcotics trafficking. Businesses and financial institutions must comply with OFAC regulations to avoid legal penalties and ensure they do not engage in prohibited transactions.