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:
“This happy breed of men, this little world,
This precious stone set in the silver sea,
Which serves it in the office of a wall,
Or as a moat defensive to a house,
Against the envy of less happier lands,
This blessed plot, this earth, this realm, this England.”
—William Shakespeare (1564–1616)
“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)
“I journeyed to London, to the timekept City,
Where the River flows, with foreign flotations.
There I was told: we have too many churches,
And too few chop-houses.”
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“Culture means control over nature.”
—Johan Huizinga (1872–1945)