Office of Foreign Assets Control
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Department of the Treasury. It administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals. OFAC targets countries and regimes that pose threats to the United States, as well as individuals and entities involved in terrorism, narcotics trafficking, and other illicit activities.
OFAC's sanctions programs can include asset freezes, trade restrictions, and prohibitions on financial transactions. The agency also maintains a list of specially designated nationals and blocked persons, which helps businesses and individuals comply with U.S. laws regarding foreign assets.