The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.
Related Articles
- Authorities Overlook Millions of Dollars in Stolen Assets
- Battles of Dirty Money and Blockchain: How to Trace Stolen Crypto
- How Can Blockchain Help Banks Counter Money Laundering?
- How can crypto companies be compliant and avoid regulatory penalties through AML frameworks?