• U.S. Expands Sanctions Against Syria
  • June 6, 2011 | Authors: Jennifer Diana; Jennifer L. Rochon
  • Law Firm: Kramer Levin Naftalis & Frankel LLP - New York Office
  • The Office of Foreign Assets Control (“OFAC”) of the United States Department of the Treasury administers and enforces economic and trade sanctions against certain foreign countries, entities and other Specially Designated Nationals (“SDNs”) based on US foreign policy and national security goals. OFAC acts under Presidential national emergency powers, as well as legislative authority. The list of sanctioned countries, entities and individuals is constantly evolving.