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The Division of Foreign Assets Control, OFAC's immediate predecessor, was established in the Office of International Finance by a Treasury Department order in December 1950, following the entry of the People's Republic of China into the Korean War; [8] President Harry S. Truman declared a national emergency and tasked the Division with blocking ...
The Office of Foreign Assets Control (OFAC) has the authority to regulate and amend the CACR to be consistent with the policies and goals of the executive administration. The Regulations prohibit any person subject to U.S. jurisdiction from dealing in any property in which Cuba or a Cuban national has an interest.
Financial sanctions are primarily administered by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), while export controls are primarily administered by the U.S. Department of Commerce's Bureau of Industry and Security (BIS). OFAC also manages a range of specialized sanctions programs aimed at combating terrorism ...
The United States government applies economic sanctions against certain institutions and key members of the government of the People's Republic of China and its ruling Chinese Communist Party (CCP), certain companies linked to the People's Liberation Army (PLA), and other affiliates that the U.S. government has accused of aiding in human rights abuses.
The Treasury Department's Office of Foreign Assets Control (OFAC) has the power to "freeze" the accounts of organizations suspected of funding terrorist activities. Terrorist groups use three types of financing, which are increasingly difficult to track by U.S. intelligence, including the CIA:
According to the Australian Strategic Policy Institute, CAATSA has resulted in delays to the Indonesian purchase of Russian Sukhoi Su-35 fighter aircraft and "[the] willingness of the U.S. to impose [CAATSA] sanctions, or whether any waiver might be obtained, has been at the forefront of security diplomacy between Washington and Jakarta in ...
The leader of a Japanese crime syndicate who was charged by U.S. authorities with trafficking nuclear materials from Myanmar pleaded guilty on Wednesday, the U.S. Justice Department said in a ...
Azza Air Transport, former Cargo airline, in the SDN List. The Specially Designated Nationals and Blocked Persons List, also known as the SDN List, is a United States government sanctions/embargo measure targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g. drug traffickers).