Department of Treasury

The Department of Treasury's Office of Foreign Assets Control (OFAC) oversees santions and embargoes on certain countries in support of U.S. national security or U.S. foreign policy. These regulations are country-specific or group-specific and tend to be very restrictive. OFAC also imposes restrictions on individuals, groups, organizations, and other entities (domestic and international) that they have deemed to be involved in illicit activities.

Embargoes and Trade Sanctions or Foreign Assets Control Regulations (FACR)

  • Citation: 31 CFR 500-598
  • Agency: Office of Foreign Assets Control, US Department of the Treasury
  • Statutory Authority: Presidential National Emergency Powers and various legislation impacting international trade
  • Regulations: International Trade Regulations
  • Scope: Varies among the different sanction programs. Sanctions may be comprehensive or limited.
  • Examples of Controls
    • Country-Based: Iran, Cuba, Sudan, Syria, and North Korea.
    • List-Based: Counter Terrorism, Non-proliferation and Counter Narcotics Trafficking.
    • Country Specific Sanctions:
      • Belarus
      • Myanmar (Burma)
      • Democratic Republic of Congo
      • Cote d'Ivoire (Ivory Coast)
      • Cuba
      • Iran
      • Iraq
      • Former Liberian Regime of Charles Taylor
      • Libya
      • North Korea
      • Somalia
      • Sudan
      • Syria
      • Zimbabwe