OFAC Investigations

The Office of Foreign Assets Control also known as “OFAC” is part of the United States Department of the Treasury. This department is tasked with enforcing economic and trade sanctions against individuals and/or foreign countries including international drug traffickers.

OFAC publishes a list of individuals or companies that can be found at https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information.

If an individual or a company is added to the list, you will be sanctioned by the United States Department of the Treasury if you do business with the individual or company without first obtaining a license.

If you or your company are placed on the list, we can assist you in the filing of a petition for removal. To request removal, a petition must be filed. Pursuant to 31 C.F.R. § 501.807, a petitioner must show that removal is appropriate. While every case is different, the entire process can take a while – up to and more than a year.

Contact Law Offices of Paul D. Petruzzi, P.A. today  at 305-330-1774 if you need assistance with removal from the OFAC list.

 

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