© 2016 by Law Offices of Fallah,PLLC. 

 

OFAC COMPLIANCE SERVICES

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose control on transactions and freeze assets under US jurisdiction. OFAC administers a number of different sanctions programs. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals.
Many of these sanctions which are based on United Nations and other international mandates, are multilateral in scope and involve close cooperation with allied governments. 

If you live in the United States, and your current or your previous nationality is one of the countries listed as countries under any kind of U.S sanctions, you are subjected to OFAC rules. It is regardless of your current citizenship that might be U.S. citizenship. Therefore conducting any transactions with listed countries, such as commercial activities, banking or other transactions, including transferring money that might be your inheritance or proceed of family remittance, might violate these rules and subject to freezing your account and in some scenarios could be subject to federal charges due to the violation of these rules. 

In this regard, we urge you to consult with us before conducting any transactions related to the listed countries. We provide OFAC compliance consultation and services and assistance our clients with their OFAC license applications. Avoid harsh consequences today. 

Immigration & International Business Solutions