Office of Foreign Assets Control
law & sanctions. Also OFAC
The office of the US Treasury that administers and enforces most US economic sanctions. It maintains the Specially Designated Nationals list, issues sanctions regulations and licences, and imposes civil penalties, which do not require proof of intent; wilful violations can be prosecuted by the Justice Department. Its designations of Pakistan-based individuals and groups under counter-terrorism and other programmes block their assets in US jurisdiction.12
Linked from 3 pages across CUPA.
Sources
- Appendix A to Chapter V: Information pertaining to the Specially Designated Nationals and Blocked Persons List (31 CFR). Legal Information Institute, Cornell Law School. Primary document
- Sanctions: The US Perspective. Global Investigations Review, 2023. Reference
