OFAC for Iranian Sanctions

Financial and business dealing sanctions for business companies are administered and managed in US, by The Office of Foreign Assets Control. It is also well recognized as the full form of OFAC. It is an organization functioning in US which is a subdivision of the US treasury. These mandatory rules and sanctions are obligatory for Business Company which is basically functioning from US.  These types of foreign policies and sanctions are meant particularly in favour of countrywide safety and security goals which are intended to protect the nation from terrorism related acts. Some of the nations which are under terrorism attack, such organizations and persons including Iran and North Korea come under these categories. This governmental organization in US maintains and publishes a record on customary basis which includes each and every such states, organizations and persons that supports or directly and indirectly related to these violence actions. This record is commonly identified as OFAC Special Designated Nationals list or OFAC SDN list.

Under these strict rules and sanctions items such as nuclear, projectile and firm military weapons are prohibited for export to Iran. Other than these investments in oil, gas and petrochemicals and their exports are also not approved for dealings or are prohibited. In such cases when a business company needs assistance related to these matters, Ferrari & Associates, P.C. is the answer for them. It is a law firm which provide assistance to the customers concerning such matters related to US financial system or Iran Sanctions.