OFAC sanctions are economic and trade restrictions imposed on specific countries, entities, or individuals. They can include asset freezes, restrictions on financial transactions, prohibitions on export or import of goods, and limitations on business dealings. Sanctions are intended to prevent terrorism, money laundering, or activities that threaten U.S. national security. Some sanctions are comprehensive, covering entire countries, while others are targeted at specific individuals or organizations. OFAC regularly updates its lists and regulations to reflect current geopolitical and security priorities. Compliance with these sanctions is mandatory for all U.S. persons and entities.
