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:
“It is easier to appear worthy of a position one does not hold, than of the office which one fills.”
—François, Duc De La Rochefoucauld (1613–1680)
“Our country! In her intercourse with foreign nations, may she always be in the right; but our country, right or wrong.”
—Stephen Decatur (1779–1820)
“There are many things children accept as “grown-up things” over when they have no control and for which they have no responsibility—for instance, weddings, having babies, buying houses, and driving cars. Parents who are separating really need to help their children put divorce on that grown-up list, so that children do not see themselves as the cause of their parents’ decision to live apart.”
—Fred Rogers (20th century)