OFAC definition

OFAC means the Office of Foreign Assets Control of the United States Department of the Treasury.

OFAC means The Office of Foreign Assets Control of the U.S. Department of the Treasury.

OFAC means the U.S. Department of the Treasury’s Office of Foreign Assets Control.

Examples of OFAC in a sentence

• You warrant that you will only transmit acceptable items for deposit and have handled the original items in accordance with applicable laws, rules and regulations, including the sanctions laws administered by OFAC and the Bank Secrecy Act.

• Customer represents that, to the best of Customer’s knowledge, neither Customer nor any of Customer’s Affiliates is an entity that is, or is directly or indirectly owned or controlled by (i) any person or entity currently included on the Specially Designated Nationals and Blocked Persons List or the Consolidated Sanctions List maintained by OFAC, or (ii) any Prohibited Jurisdiction.

More Definitions of OFAC

OFAC means the U.S. Department of Treasury Office of Foreign Assets Control.

OFAC shall have the meaning assigned to such term in Section 3.22.

OFAC means the United States Department of Treasury Office of Foreign Assets Control.

OFAC has the meaning set forth in Section 3.23.

OFAC is the U.S. Department of Treasury Office of Foreign Assets Control. “OFAC Lists” are, collectively, the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) and/or any other list of terrorists or other restricted Persons maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders.

OFAC is defined in Section 5.16(a).

OFAC has the meaning assigned to such term in Section 3.17(a).