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 of, office, foreign and/or control:
“Difference of opinion is advantageous in religion. The several sects perform the office of a Censor ... over each other.”
—Thomas Jefferson (1743–1826)
“Reason is, and ought only to be the slave of the passions, and can never pretend to any other office than to serve and obey them.”
—David Hume (1711–1776)
“Genius resembles a bell; in order to ring it must be suspended into pure air, and when a foreign body touches it, its joyful tone is silenced.”
—Franz Grillparzer (1791–1872)
“The human mind is indeed a cave swarming with strange forms of life, most of them unconscious and unilluminated. Unless we can understand something as to how the motives that issue from this obscurity are generated, we can hardly hope to foresee or control them.”
—Charles Horton Cooley (1864–1929)