Wednesday 13 November 2013

OFAC Matters

Have you ever thought why OFAC is given so much importance? To start with it is the act to prevent prohibited transactions which in any case U.S persons have to stay away from.
It was long back in 1979 during the Iran hostage crisis when all these problem of U.S.-Iran relations started. That time government of Iran denied the plan out of 52 Americans at the U.S. Embassy in Tehran which led to the start of all problems. At that point the first U.S. provisions against Iran came into existence.  In return to the Iranian action, the Carter administration started the use of sanction laws. It prohibited any kind of business, contact or transfer of people, products or money. The exemption was just given to food, medicine and supplies for medical purposes. 

It is never easy to deal in complicated matters of OFAC. There is only few specialized law firms in the world who have the knowledge and expertise to deal with the matters related to OFAC. Ferrari & Associates, P.C. is such one specialized firm which efficiently handles the cases related to OFAC. The company strength is Mr. Ferrari who is considered to be the magician lawyer in the OFAC matters. Those who want to consult with Ferrari & Associates, P.C. can visit their office located directly across the street from the United States Department of the Treasury in Washington.  They accept the cases from any corner of the world and give their best to deal with the complication laws and regulations of OFAC.

No comments:

Post a Comment