OFAC Sanctions Programs — 31 CFR Chapter V

US lacked robust sanctions enforcement against foreign threats and terrorism financing.

Key Obligations

["Screen all transactions against SDN List", "Block transactions with sanctioned parties", "Report blocked transactions to OFAC", "Maintain sanctions compliance program"]

Penalty Ranges

{"civil": "Up to $1.3M per violation or 2x transaction value", "criminal": "Up to $1M and 20 years imprisonment"}

Mandatory Deadline: Ongoing

Affected HS Codes: ["ALL"]

Issuing Authority: Office of Foreign Assets Control (OFAC), U.S. Treasury

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