OFAC is a division of the U.S. Department of the Treasury. Its role is to administer and enforce economic and trade sanctions based on U.S. foreign policy and national security goals. OFAC collaborates with other U.S. government agencies, including the Department of Justice and law enforcement, to ensure compliance. It also provides guidance and licensing for permitted transactions that may otherwise be restricted. The office issues regulations and publishes lists of sanctioned individuals, entities, and countries. OFAC’s actions affect both U.S. persons and international entities engaging in business with the United States.
