Export Basics helps you assess your export readiness, understand what you need to know and consider before pursuing an international sales strategy, and, when you are ready, develop and implement your export strategy.
Where can I find information on trade sanctions?
The Office of Foreign Assets Control (OFAC) in the U.S. Treasury Department administers and enforces economic and trade sanctions against targeted foreign countries, terrorism-sponsoring organizations, and international narcotics traffickers based on U.S. foreign policy and national security goals. OFAC acts under Presidential wartime and national emergency powers, along with authority granted by specific legislation, to impose controls on transactions and freeze foreign assets under U.S. jurisdiction. Many of the sanctions are based on United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments.
For information, please contact OFAC by telephone at 1-800-540-6322. Much of the information available from OFAC can also be accessed on its Internet website, http://www.treas.gov/ofac, and its Information-by-Fax service. This automated service is free and available 24 hours a day, seven days a week, by dialing (202) 622-0077 from any touchtone phone. OFAC documents on the system include all those available on the OFAC site as well as notices, such as General Notice No.1, licensing guidelines, and copies of Federal Register notices (often including notices filed, but not yet printed in the Federal Register). The "Index of Available Documents" is date-specific.
Note: Individuals and companies with questions or concerns about trade sanctions should be diligent in their efforts to understand and fully comply with all laws and regulations related to these. Failure to do so may result in substantial penalties.