ofac

language: en

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.
    en: 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.

examples

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

    Companies must ensure strict OFAC compliance to avoid heavy fines.