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 century fulfills the office of road-laborer for the society of the future. We make the road, others will make the journey.”
—Victor Hugo (1802–1885)
“Reason is, and only ought 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)
“The condition every art requires is, not so much freedom from restriction, as freedom from adulteration and from the intrusion of foreign matter.”
—Willa Cather (1876–1947)
“The glance is natural magic. The mysterious communication established across a house between two entire strangers, moves all the springs of wonder. The communication by the glance is in the greatest part not subject to the control of the will. It is the bodily symbol of identity with nature. We look into the eyes to know if this other form is another self, and the eyes will not lie, but make a faithful confession what inhabitant is there.”
—Ralph Waldo Emerson (1803–1882)