What is OFAC?

There are several rules and regulations for each and every thing. We have to follow these rules and regulations as they are part of laws which everyone has to follow. There are several agencies which works as per the laws to safeguard them and to check whether everyone is following it or not.

OFAC also stands for office of foreign assets control, which is an united stated agency for the department of US treasury. There are very few law firms which are expert in the field of OFAC matters.

There are several representation made by law firms, under OFAC. Some of them are

• They help in removing specially designated national designations which are related to foreign narcotics kingpin acts and Syrian sanctions
• They also provide consultations for export controls for various companies who are willing to export medicines and devices related to medical as well as the agricultural commodities to Iran as they have to follow the act of Export enhancement and Trade sanctions reforms.
• They also help companies and individuals in getting licenses and proper guidelines under the OFAC SDN list related to the services of export from Iran
• Even these firms also help in getting licensure from OFAC for charities which helps in sending the money to Iran
• These law firms also helps International clients to safeguard or defend themselves from the investigation of OFAC SDN list
• They also helps in obtaining the proper and appropriate guidance from OFAC and even helps in understanding the proper procedure of transferring funds between the US and Iranian people.
• They even help in building as well as developing OFAC compliance programs for businesses which are globally working or for those companies who want to make their business international.
• Even they help in obtaining the visa permit to travel to Cuba or other countries which are Under OFAC

There are law firms which are working under OFAC SDN list matters and got expertise in it, they have several clients who are from all over the world but major clients are from central America, Europe, Africa and middle east. They also provide time to time additions in the OFAC and also come in front of the media to give proper statements on the OFAC matters or issues. As these matters are very complicated and also sensitive so it requires complex knowledge of the regulations and process to make any changes in it.