The Office of Foreign Assets Control, a part of the U.S. Department of the Treasury

Question

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The Office of Foreign Assets Control (OFAC) is primarily responsible for administering and enforcing economic and trade sanctions based on US foreign policy and national security goals. One of its key roles is to ensure that individuals and entities within the U.S. do not engage in transactions or make investments in countries or with parties that are subject to U.S. sanctions, effectively ensuring that investments are not undertaken in countries where investment is prohibited by law.

The Office of Foreign Assets Control, a Part of the U.S