What is Office of Foreign Assets Control (OFAC)?

US Treasury’s OFAC sanctions crypto exchange Garantex for second time

OFAC, Fed, NYDFS penalize Mashreq bank $100 million for sanctions failures, just three years after $40 million fine for similar issues

Today, the House unanimously passed my bill, the Office of Foreign Assets Control (OFAC) Licensure for Investigators Act. It bolsters our ability to investigate and address national security threats and protects our financial system. I urge U.S. Senate Democrats and Senate GOP to pass it. | Joyce Beatty

OFAC’s ‘50% rule’ challenges compliance

Charitable Activities in a Foreign Country