Office of Foreign Assets Control (OFAC)

The Department of the Treasury, through the Office of Foreign Assets Control (OFAC) is responsible for enforcing all U.S. embargos and sanctions programs. Special attention needs to be taken when dealing with embargoed and sanctioned countries. You can find the current list of “Sanctions Programs and Country Information” on OFAC’s page under “Resources”.

In many cases, licensing is required when dealing with an embargoed or sanctioned entity. There are general licenses, but they must be applicable to the circumstance and should not be relied on. Then, there are specific licenses which may need to be applied for. This can be a lengthy process and in the end the license may not be granted.