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:
“No people is wholly civilized where a distinction is drawn between stealing an office and stealing a purse.”
—Theodore Roosevelt (1858–1919)
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—P.J. (Patrick Jake)
“Men who have been raised violently have every reason to believe it is appropriate for them to control others through violence; they feel no compunction over being violent to women, children, and one another.”
—Frank Pittman (20th century)