Legal Authority and Mission OFAC derives its authority from the International Emergency Economic Powers Act (IEEPA), the Trading with the Enemy Act, and other relevant statutes. Sanctions Program Primary Target Governing Authority Russia Sanctions Russian government and sectors IEEPA Counter Terrorism Terrorists and supporters IEEPA and ATA Iran Sanctions Iranian government and entities IEEPA and Iran Threat Reduction Act Global Impact and Enforcement While OFAC is a U.
OFAC Division Mission and Treasury Sanctions Objectives
jurisdiction and prohibiting U. By blocking assets and regulating transactions, the division aims to achieve specific foreign policy and national security goals without resorting to military action.
persons from engaging in transactions with sanctioned parties. dollar and the integration of international financial systems.
OFAC Division Mission and Treasury Sanctions Objectives
The division actively investigates violations and imposes substantial penalties on entities that fail to adhere to sanctions, demonstrating a strict commitment to enforcement. persons, including individuals and entities located within the United States, are generally required to comply with OFAC regulations.
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