The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals.
As of March 2012, Adam J. Szubin is Director of OFAC. He was named to the position in August 2006.
Read more about Office Of Foreign Assets Control: History, Authority and Activities, Constitutional Deficiencies Found in OFAC Procedures, Specially Designated Nationals List
Famous quotes containing the words office, foreign and/or control:
“His [the President’s] office is anything he has the sagacity and force to make it.”
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“We as a nation need to be reeducated about the necessary and sufficient conditions for making human beings human. We need to be reeducated not as parents—but as workers, neighbors, and friends; and as members of the organizations, committees, boards—and, especially, the informal networks that control our social institutions and thereby determine the conditions of life for our families and their children.”
—Urie Bronfenbrenner (b. 1917)