An OFAC Primer

May 1, 2017

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If you haven’t heard of OFAC and don’t know what the SDN list is, your company could find itself facing significant fines.

The Office of Foreign Assets Control is an agency of the U.S. Treasury Department and its function is to administer and enforce the various economic and trade sanctions put in place by the U.S. government against hostile regimes and targets. If you are a “U.S. person,” meaning a citizen, resident alien, or business, you may not disburse funds to any entity on the SD

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