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.
OFC Treasury Division Target Enforcement and Key Programs
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. 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.
These lists include Specially Designated Nationals (SDN) list, which targets individuals and entities owned or controlled by sanctioned countries or those involved in narcotics trafficking. persons from engaging in transactions with sanctioned parties.
OFC Treasury Division Target Enforcement and Key Sanctions Programs
Its core mission involves safeguarding the financial systems of the United States and preventing abuse of the nation's financial infrastructure. This obligation extends to foreign institutions that might cause a U.
More About Ofac is a division of what
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