Code of Federal Regulations (CFR) - Office of Foreign Assets Control
Reporting, Procedures and Penalties Regulations: 31 CFR 510: North Korea Sanctions Regulations: 31 CFR 515: Cuban Assets Control Regulations: 31 CFR 525: Burma Sanctions …
Home | Office of Foreign Assets Control
Mission 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 …
Basic Information on OFAC and Sanctions - Office of Foreign …
Sep 10, 2002 · The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) administers and enforces economic and trade sanctions against targeted foreign jurisdictions …
Frequently Asked Questions | Office of Foreign Assets Control
How does OFAC interpret indirect ownership as it relates to certain complex ownership structures? "Indirectly," as used in OFAC’s 50 Percent Rule, refers to one or more blocked …
OFAC Consolidated Frequently Asked Questions
The OFAC Legal Library page on OFAC’s website also contains links to the relevant legal authorities, including statutes, executive orders, and the Code of Federal Regulations, where …
11 | Office of Foreign Assets Control
Jan 15, 2015 · Terms such as "U.S. person" and "person subject to U.S. jurisdiction" are defined in the implementing regulations for a particular sanctions program in 31 CFR chapter V. (See …
Sanctions Programs and Country Information
Feb 25, 2022 · OFAC administers a number of different sanctions programs. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to …
About OFAC - Office of Foreign Assets Control
During the Civil War, Congress approved a law which prohibited transactions with the Confederacy, called for the forfeiture of goods involved in such transactions, and provided a …
OFAC sanctions. V. Senior management demonstrates recognition of the seriousness of apparent violations of the laws and regulations administered by OFAC, or malfunctions, deficiencies, or …
Amendment of the Reporting, Procedures and Penalties …
May 8, 2024 · The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Reporting, Procedures and Penalties Regulations (RPPR). The RPPR sets forth …