Office of Foreign Assets Control (OFAC)

The Office of Foreign Assets Control (OFAC) is a part of the U.S. Department of the Treasury. It administers and enforces economic and trade sanctions against countries and individuals that threaten national security or violate foreign policy goals. OFAC's actions can include freezing assets, prohibiting transactions, and restricting trade. This is done to curb activities like terrorism, drug trafficking, and nuclear proliferation. By monitoring financial transactions and issuing lists of sanctioned individuals and entities, OFAC helps protect U.S. interests and uphold international regulations.