The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals.
As of March 2012, Adam J. Szubin is Director of OFAC. He was named to the position in August 2006.
Read more about Office Of Foreign Assets Control: History, Authority and Activities, Constitutional Deficiencies Found in OFAC Procedures, Specially Designated Nationals List
Famous quotes containing the words office of, office, foreign and/or control:
“This century fulfills the office of road-laborer for the society of the future. We make the road, others will make the journey.”
—Victor Hugo (1802–1885)
“Go; and if that word have not quite killed thee,
Ease me with death by bidding me got too.
Oh, if it have, let my word work on me,
And a just office on a murderer do.
Except it be too late to kill me so,
Being double dead: going, and bidding go.”
—John Donne (1572–1631)
“Since every effort in our educational life seems to be directed toward making of the child a being foreign to itself, it must of necessity produce individuals foreign to one another, and in everlasting antagonism with each other.”
—Emma Goldman (1869–1940)
“To try to control a nine-month-old’s clinginess by forcing him away is a mistake, because it counteracts a normal part of the child’s development. To think that the child is clinging to you because he is spoiled is nonsense. Clinginess is not a discipline issue, at least not in the sense of correcting a wrongdoing.”
—Lawrence Balter (20th century)