Office of Foreign Assets Control (OFAC)

The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency within the United States Department of the Treasury. It administers and enforces economic and trade sanctions to support U.S. national security and foreign policy objectives, targeting foreign governments, organisations, and individuals deemed to be threats.

Operating under the Office of Terrorism and Financial Intelligence, the agency is composed of intelligence targeters and legal professionals. It possesses the authority to levy financial penalties, freeze assets, and prohibit parties from engaging in business operations within the United States.