6/2/2023 0 Comments Ofac stands for![]() Department of the Treasury administers and enforces economic and trade sanctions based on U.S. “The Office of Foreign Assets Control (OFAC) of the U.S. Let’s allow their website to describe what this office does and then I will explain how it relates to cybersecurity: foreign policy, national security or economic stability.Ĭalling all CISOs and CISSPs, all of you CCNAs, GIACs and CEHs: do you need another acronym to remember, along with HIPAA, FISMA, COBIT, GLBA, FERPA and PCI? Probably not! But try this one on for size: OFAC, as in Office of Foreign Assets Control. See the Federal Regulations page to learn more.OFAC will soon be enforcing economic and trade sanctions against individuals and groups outside the United States that use cyber attacks to threaten U.S. ITAR Restrictionsīe aware that the Department of State maintains a separate list of countries subject to regulations related to the International Traffic in Arms (ITAR). Department of State prohibits the export of military/space equipment or technical data to these countries and to foreign nationals of these countries.Ī printable version of the information above may be accessed through the link under GUIDANCE on this webpage. Transactions related to activities with specific parties in these countries are prohibited.Ĭountries Subject to Prohibition on Military Exports Afghanistan Other Countries Subject to OFAC Sanctions Balkans Most transactions, including those involving persons or entities "ordinarily resident" in these countries, require an Office of Foreign Assets Control (OFAC) License. The following regions of Ukraine: Crimea, Donetsk and Luhansk List of Comprehensively Sanctioned Countries This list is current as of March 10, 2022. Sanctions regulations vary significantly by country. The following countries are subject to restrictions on certain types of activities, as indicated below. Export Licenses: If you are contemplating activities in countries subject to import, export, or travel restrictions, contact Export Controls at so that a license determination may be made.ORPA can screen against lists of restricted parties to ensure compliance with sanctions regulations. Restricted Party Screenings: If you are dealing with a country subject to restrictions with specific parties, you are encouraged to share with ORPA the names of all individuals and entities involved.United States persons may be prohibited from conducting certain activities with the listed individuals and entities without prior OFAC authorization. SDNs may also be associated with international narcotics trafficking or terrorism. ![]() SDNs are entities or individuals owned or controlled by, or acting for or on behalf of, the governments of target countries. OFAC manages the United States government's sanctions and embargo programs, as well as the Specially Designated Nationals (SDNs) and Blocked Persons lists. The Office of Foreign Assets Control (OFAC) is part of the United States Treasury Department. Mandatory Disclosure Integrity Training.Research Administration Mentoring Program (RAMP).Administrator Research Certification (ARC).Faculty Individual Portfolio Report Registration.Key Internal Communications and Additional References. ![]()
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