OFAC regulator
Overview
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries, regimes, terrorists, and other threats. OFAC publishes lists of sanctioned individuals and entities, such as the Specially Designated Nationals (SDN) list, which U.S. persons and companies must comply with.
Within the DeFi Intel graph, OFAC connects to 20 tracked entities, most strongly to United States, Binance, Binance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 20 total).
| Relation | Connected entity | Confidence |
|---|---|---|
operates_in | United States | 99% |
regulates | Binance | 95% |
submitted_to | Binance | 95% |
sanctions | Tornado Cash | 95% |
Frequently asked questions
What is OFAC?
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department that administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals.
What list does OFAC publish?
OFAC publishes the Specially Designated Nationals (SDN) list, which U.S. persons and companies must comply with.
What is an example of OFAC's enforcement actions involving crypto?
OFAC is linked to actions such as Tether freezing $344 million in USDT in coordination with U.S. law enforcement, and U.S. sanctions freezing $344 million in Iranian crypto wallets on the Tron network.