OFAC FAQ 35

Do all OFAC programs involve blocking transactions?

Length: 100 wordsOfficial source
Question: Do all OFAC programs involve blocking transactions? Answer: No. OFAC regulations are tailored to further the requirements and purposes of specific Executive Orders or statutes which provide the basic outline of each program. In some cases, the President has determined that a comprehensive asset freeze is appropriate, and in others the President has determined that more limited restrictions (for example, import bans) are in order. The individual program web pages outline the restrictions for each program. Special attention should be given when reviewing sanctions list targets that are included on one of OFAC's non-Specially Designated Nationals sanctions lists .
OFAC FAQ 35: Do all OFAC programs involve blocking transactions? | Justis AI