Tag Archives: OFAC Sanctions
Who is Legally Bound by OFAC Sanctions Regulations?
The Office of Foreign Assets Control (OFAC) enforces U.S. sanctions programs. These sanctions affect individuals, entities, and countries; compliance with them is mandatory for various organizations and individuals. Understanding who is legally bound by these regulations is essential for businesses and individuals to avoid significant penalties. Understanding the Scope of OFAC Sanctions OFAC sanctions… Read More »
