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:
“The office of the scholar is to cheer, to raise, and to guide men by showing them facts amidst appearances. He plies the slow, unhonored, and unpaid task of observation.... He is the world’s eye.”
—Ralph Waldo Emerson (1803–1882)
“Frankly, I do not know how to effect a permanency in American foreign policy.”
—Franklin D. Roosevelt (1882–1945)
“In Vietnam, some of us lost control of our lives. I want my life back. I almost feel like I’ve been missing in action for twenty-two years.”
—Wanda Sparks, U.S. nurse. As quoted in the New York Times Magazine, p. 72 (November 7, 1993)