Regulatory Alerts2026-06-01 | 20260601Introduction to the Office of Foreign Assets Control
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) published the 'Introduction to the Office of Foreign Assets Control' guide on June 1, 2026. This document provides U.S. and foreign persons with a foundational understanding of OFAC sanctions, including procedures for license requests, list removal, and enforcement mechanisms. The guidance serves as a resource to help the public better understand OFAC's expectations and strengthen the overall effectiveness of sanctions compliance.
Release Date
06/01/2026
Recent Actions Body
Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing an "Introduction to the Office of Foreign Assets Control" guide, to provide U.S and foreign persons a foundational understanding of how OFAC sanctions work and how to comply with them, including how to request a license from OFAC, how persons may be removed from an OFAC sanctions list, and how OFAC enforces its sanctions. This guidance is intended as a resource the public can use to better understand OFAC's expectations and thereby continue strengthening the effectiveness of OFAC sanctions.