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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is an agency under the U.S. Department of the Treasury responsible for enforcing economic sanctions; its authority derives from laws such as the International Emergency Economic Powers Act (IEEPA), and it can require U.S. companies to stop providing services to specific countries, entities, or individuals, and its measures often have extraterritorial effect.

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10/12/2026
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