Monitoring Export Transactions to Iran
The OFAC division overseeing exports to Iran targets transactions linked to money laundering or illicit finance. By examining financial records, shipment data, and trade patterns, it identifies and addresses violations of U.S. sanctions. Suspected companies face investigations, penalties, and asset freezes. This oversight ensures compliance with restrictions and protects U.S. national security and foreign policy interests.
Enforcing Trade Sanctions
This office enforces sanctions to block Iranian-related exports that enable money laundering. Using advanced tools, it freezes illicit assets, halts unauthorized shipments, and penalizes violators. The focus is on goods with dual-use or military potential, disrupting trade networks that threaten U.S. security and policy.
Providing Compliance Guidance
To ensure compliance with sanctions, this OFAC division offers guidance on Iran-related trade rules. Businesses learn to identify red flags like third-party intermediaries or unusual payments. These resources help exporters avoid violations, promote transparency, and support global anti-money laundering efforts.
Overview of OFAC Sanctions Programs
When a company is suspected of violating Iran-related sanctions, OFAC’s designated office promptly issues a formal notification via email. This communication outlines the specific concerns, potential violations, and the need for further clarification or corrective action. The email serves as an initial step to engage with the company, requesting documentation or explanation to resolve the matter. By providing clear instructions and timelines, OFAC ensures transparency while reinforcing compliance with U.S. regulations. Failure to respond or cooperate may result in further investigation, penalties, or legal actions to uphold sanctions and prevent unlawful activities.