Embargoes & Sanctions
One of the primary entities in the creation and enforcement of sanctions and embargoes is the Office of Foreign Assets Control (OFAC). While the stringency of its sanctions varies, the most comprehensive programs involve Burma (Myanmar), Cuba, Iran, Sudan, and Syria. Similar programs may appear in response to current events, such as the Ukraine Related Sanctions targeting Russia. Other agencies tasked with implementing or enforcing embargoes and sanctions include the Department of State, Bureau of Industry and Security (BIS), and the Directorate of Defense Trade Controls (DDTC).
Each agency takes violations seriously and may impose both civil and criminal liability. In addition, the embargoes and sanctions generally apply to all U.S Persons, including citizens, permanent residents, and corporations, wherever they are located. Givens and Johnston helps companies interpret and understand the reach of these sanctions, highlighting permissible and impermissible transactions.