Regulations

OFAC Laws, and Civil and Criminal Penalties

Over the past several years, OFAC has had to impose millions of dollars in civil penalties. The majority of the fines resulted from failure to block illicit transactions when there was a reference to a targeted country or SDN. Mitigating factors in Civil Penalty procedures include self-disclosure, the use and sophistication of interdict software, and other compliance initiatives.

OFAC Laws and Criminal Penalties

The following is a summary of the OFAC legal framework, and criminal penalty provisions.

Trading With the Enemy Act more +

International Emergency Economic Powers Act more +

Iraqi Sanctions Act more +

United Nations Participation Act more +

International Security and Development Cooperation Act ("ISDCA") more +

The Cuban Democracy Act (CDA) more +

The Cuban Liberty and Democratic Solidarity ("LIBERTAD") Act
more +

The Antiterrorism and Effective Death Penalty Act more +

The Foreign Narcotics Kingpin Designation Act more +

The Criminal Code more +

ofac-penalties