OFAC Compliance

Something Simple

Night in Cairo, Egypt

The Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury administers and oversees a series of laws that impose economic sanctions against hostile entities to further U.S. foreign policy and national security objectives. OFAC is responsible for promulgating, developing and administering the sanctions for the Treasury under all federal statutes.

The OFAC laws and regulations promote national and international security by requiring asset freezing of:

  • Oppressive governments
  • International terrorists
  • Narcotics traffickers
  • or other specially designated nationals (SDNs) and blocked persons.

Trustpay adheres to the OFAC regulations.