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OFAC Sanctioned Countries — Complete 2026 List
⚡ Quick Answer: OFAC Sanctioned Countries 2026 As of 2026, OFAC maintains comprehensive embargoes against 4 countries: Cuba, Iran, North Korea (DPRK), and Syria — plus the occupied Ukrainian regions of Crimea, Donetsk, and Luhansk. An additional 20+ countries face targeted sa Read more »
Mastering OFAC Regulations: A Comprehensive Guide for Sanctions Lawyers
In an increasingly interconnected world, mastering OFAC regulations has become essential for any attorney practicing sanctions law. The Office of Foreign Assets Control (OFAC) operates one of the most complex regulatory frameworks in U.S. law — one that combines executive autho Read more »
Key OFAC Knowledge Every Sanctions Lawyer Should Have
For any attorney practicing in international trade, finance, or business law, a thorough command of the Office of Foreign Assets Control (OFAC) regulatory framework is no longer optional — it is foundational. OFAC administers and enforces more than 30 sanctions programs coverin Read more »
OFAC Basics for Sanctions Attorneys: An In-Depth Guide
Effective representation in sanctions matters begins with mastering the foundational mechanics of how OFAC operates. Whether you are advising a financial institution, a multinational corporation, or an individual who has been designated, a practitioner-level understanding of OFAC Read more »
Leveraging OFAC Guidance: A Comprehensive Guide for Sanctions Lawyers
OFAC guidance is the practitioner’s compass in a landscape that changes constantly. New sanctions programs are established, existing programs are expanded or tightened, General Licenses are issued and revoked, and enforcement priorities shift in response to geopolitical eve Read more »
AML and OFAC Compliance: A Guide for Financial Institutions
Quick Answer: What Is the Difference Between AML and OFAC? AML (Anti-Money Laundering) compliance is governed by the Bank Secrecy Act (BSA) and enforced by FinCEN (Financial Crimes Enforcement Network). Its purpose is to detect and report suspicious financial activity — primari Read more »
Penalties for OFAC Violations
Quick Answer OFAC violation penalties in 2026 can reach up to $377,700 per civil violation under IEEPA (or twice the transaction value, whichever is greater), and up to $1 million per criminal violation plus 20 years imprisonment. Recent 2026 enforcement actions have resulted in Read more »
OFAC: Its Purpose, Sanction Lists, and Licensing
Quick Answer: What Is OFAC? OFAC stands for the Office of Foreign Assets Control — a financial intelligence and enforcement agency of the U.S. Department of the Treasury. OFAC is a division of the Treasury’s Office of Terrorism and Financial Intelligence (TFI). It adminis Read more »