F3B: Strategic Objective F3B
Execute the Nation’s Financial Sanctions Policies Other Information:
DO, primarily OFAC, has responsibility for designing, implementing, and enforcing a variety of statutes, executive orders,
and regulations imposing economic sanctions on foreign entities to further the foreign policy and national security objectives
of the United States. The design of economic sanctions also involves International Affairs and the Office of General Counsel.
Generally, U.S. economic sanctions deprive targets of the use of their assets and/or deny them benefits of trade with the
United States. Certain programs remove assets from the control of those that would use them to harm U.S. citizens and interests.
The economic sanctions programs are primarily directed against countries and groups of individuals, such as terrorists and
narcotics traffickers, who engage in activities that pose an extraordinary threat to the national security, foreign policy
or the economy of the United States. Sanctions programs may be either comprehensive or selective, using the blocking of assets
and/or trade or investment restrictions to accomplish administration policy and goals. For certain countries, the sanctions
apply to dealings with that nation’s government and/or with other countries. The prohibitions extend not only to dealings
with the government, but also to its country’s citizens, residents, and commercial enterprises. Prohibitions also apply to
specific individuals and entities identified as specially designated nationals (SDNs), specially designated narcotics traffickers
and kingpins (SDNTs and SDNTKs), specially designated global terrorists (SDGTs), and foreign terrorist organizations (FTOs).
In administering these programs, OFAC generally relies upon Presidential authorities contained in the Trading With the Enemy
Act (TWEA), the International Emergency Economic Powers Act (IEEPA), or upon specific legislation to prohibit or regulate
commercial or financial transactions with specific foreign countries or groups.
Indicator(s):
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