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
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This precious stone set in the silver sea,
Which serves it in the office of a wall,
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Against the envy of less happier lands,
This blessed plot, this earth, this realm, this England.”
—William Shakespeare (1564–1616)
“The office of the Vice-President is a greater honor than I ever dreamed of attaining.”
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“Humour is the first of the gifts to perish in a foreign tongue.”
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“Magic is the envelopment and coercion of the objective world by the ego; it is a dynamic subjectivism. Religion is the coercion of the ego by gods and spirits who are objectively conceived beings in control of nature and man.”
—Richard Chase (b. 1914)