OFAC Law Group OFAC Law Group The Office of Foreign Assets Control (OFAC), an agency of the United States Department of the Treasury, is tasked with the regulation and enforcement of U.S. economic sanctions and trade embargoes involving foreign countries and targeted persons. The agency takes action in an effort to achieve the national security goals and foreign policy objectives of the United States. Its legal authority is derived from different places, ranging from executive orders to legislation to international agreements.
