ofac

language: de

definitions

  1. noun
    The Office of Foreign Assets Control, a United States Department of the Treasury agency responsible for administering and enforcing economic and trade sanctions based on US foreign policy and national security goals.
    de: US-Sanktionsbehörde

examples

  1. Companies must ensure strict OFAC compliance to avoid heavy fines.

    Unternehmen müssen eine strenge OFAC-Konformität gewährleisten, um hohe Geldstrafen zu vermeiden.