OFAC
SANCTIONS

The Office of Foreign Assets Control (OFAC), an agency from the U.S. Department of Treasury, regulates and enforces U.S. economic sanctions and trade embargoes involving foreign countries and targeted individuals. OFAC also maintains a dynamic list of targeted persons and entities called the Specially Designated Nationals and Blocked Persons List (SDN).

OFAC may impose economic sanctions on any individual, organization or foreign entity which becomes a real or perceived threat to United States’ national security or foreign/economic policy. The sanctions imposed by OFAC involve a complex and ever-changing set of rules and regulations to which entities or individuals involved in international business matters or transactions must be aware of and in constant compliance.

At DMR, we regularly advise businesses on OFAC regulatory compliance, risk assessment, establishing adequate policies, and provide counsel on international transactions. We also counsel individuals in unblocking frozen funds or assets and have an extraordinary rate of success removing individuals from the SDN. If you or your business have been included in the SDN, perform transactions with international entities or individuals, or have been otherwise sanctioned by OFAC, you will greatly benefit from the assistance of DMR’s qualified counsel to navigate this complex regulatory area.