The Office of Foreign Assets Control (OFAC) is a division of the U.S. Department of the Treasury. OFAC’s primary mission is to enforce economic and trade sanctions against certain foreign entities and individuals.
For instance, if a U.S. company suspects that a foreign supplier is dealing with a sanctioned entity, the U.S. company must comply with OFAC regulations. Failure to do so could result in significant penalties.
Explore other nautical terms:
Whether you want to go whale watching, explore the waterfalls of Yelapa or just float on the serene waters of Puerto Vallarta at sunset, Highlight Charters is the premiere choice for tours in the PV area. Book a tour with us today and start your next big adventure!
Want to learn more about life on the water? Check out one of these books:
Surf Shack: Laid-Back Living by the Water
$22.71 (as of December 11, 2024 08:39 GMT -06:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Total Immersion: The Revolutionary Way To Swim Better, Faster, and Easier
$11.79 (as of December 11, 2024 08:39 GMT -06:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
The Complete Sailing Manual (DK Complete Manuals)
$17.84 (as of December 11, 2024 08:39 GMT -06:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
