OFAC list in the USA: sanctions and consequences


Dec. 5, 2017

OFAC sanctions are a big deal. Companies and financial institutions must concern about implementing relevant compliance measures to prevent sanctions.
OFAC may sanction a person or a company for reasons not connected to drug trafficking. Designated persons may have remedies to exclude themselves from the lists. If the person remains in the list, he or she will face severe consequences, inside and outside the U.S.