The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury enforces economic and trade sanctions based on US foreign policy and its national security goals against targeted foreign countries. Some of these targeted foreign countries with such sanctions include, Cuba, Iran, Ukraine/Russia, Syria, Balkans, Burma, Cote d’Ivoire (Ivory Coast), Somalia, Lebanon, Libya, Sudan, Venezuela, Yemen, Zimbabwe, and etc.
Individuals and businesses could apply for a license (permission) from OFAC as an authorization to engage in a transaction with the targeted foreign country that would otherwise be prohibited. For example an individual who has property (money, valuable items, inheritance, etc.) in the targeted foreign country could obtain an OFAC license to get authorization to transfer the property to US or do whatever dealings is necessary to sell the property in the targeted foreign country and bring the proceeds to US.
Maryam Jahedi Law Firm assists individuals, businesses and nonprofits with OFAC license applications, OFAC violations and sanctions. There are serious consequences as to OFAC violations, including fines and freezing of assets or imprisonment if criminal charges are brought. We provide legal consultation on OFAC regulations and on how to properly and legally transfer funds between US and the targeted country. On your behalf we obtain licenses from OFAC in relation to doing dealings with the targeted country and licenses as to transferring of funds to and from that country. We also assist in obtaining OFAC licenses for charity donations to the targeted country. Furthermore, we defend US and international clients who are subject of OFAC investigations.
Maryam Jahedi Law Firm your premier Foreign Transactions Licensing Attorney.