OFAC and related matters

Working under Secretary of the Treasury for Terrorism and Financial Intelligence OFAC or the Office of Foreign Assets Control is an agency of US. It functions to administer and enforce economic and trade sanctions. All US based businesses and financial organizations are abided to strictly follow these sanctions to meet foreign policy and national security goals. An agency publishes and maintains a list called SDN or Special Designated Nationals. This list includes names of individuals/groups/organizations those are prohibited to do business deals with US based business companies and organizations. This SDN list has names of terrorist organizations, individual terrorists and state sponsors of terrorism such as Iran and North Korea which are abandoned to do business and deal with all US based companies. These imposed sanctions help US citizens or residents to deal financial procedures widely and legally. It also helps to keep a check on deals and keep rules and regulations of nation to meet foreign policy and national security goals. Any individual or company involved in matters related to OFAC should approach Law firm. Such matters are very sensitive and serious that is why it is important to approach professionals and highly skilled lawyers or attorney dealing with such matters. As such matters are really very complicated, people need lawyers or attorneys having specialized knowledge to handle cases.