FS
Biography
The Office of Foreign Assets Control (OFAC) is a division of the United States Treasury that is responsible for imposing and enforcing a broad range of sanctions against parties identified as posing a threat to the national security, foreign policy or economy of the United States. Any person or organization that is either a U.S. citizen or owns property in the United States is subject to OFAC regulation. However, the laws and regulations enforced by OFAC attorneys are constantly changing, making it challenging for businesses to understand their obligations.
If your business is under investigation by OFAC, or there is reason to believe that your business is not in full compliance, it is imperative that you seek an experienced OFAC compliance attorney. At Oberheiden, P.C., we’ve assembled a veteran team of experienced OFAC attorneys and former federal agents to help companies better understand what is expected of them. We work closely with organizations across all industries to create comprehensive OFAC compliance programs that can keep your business out from under the federal government’s microscope.
At first glance, it’s easy to assume that because OFAC deals with major national security threats such as terrorism and international drug smuggling, most businesses do not need to worry about OFAC compliance. However, part of OFAC’s mandate is to investigate U.S. companies that do business overseas. Thus, it is important for any company that has customers or suppliers abroad to take the necessary steps to develop an OFAC compliance program.
The following are situations that, if present, require an OFAC compliance program:
At Oberheiden, P.C., our OFAC compliance attorneys have extensive experience working with all types of organizational clients, ensuring that they operate within the bounds of the OFAC laws and regulations.