Legal Firms, Providing Defense And Ofac Compliance Services

The Office of Foreign Assets Control (OFAC) is an agency of the United States Department

of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals.

OFAC derives its authority from a variety of U.S. federal laws regarding embargoes and economic sanctions. In enforcing economic sanctions, OFAC acts to prevent prohibited transactions, which are described by OFAC as trade or financial transactions and other dealings in which U.S. persons may not engage unless authorized by OFAC or expressly exempted by statute.

OFAC compliance is a must for every individual and organization of the USA. The rules and regulations of OFAC are tough to understand. The procedures for complying with these sanctions are highly verbose and cumbersome. People or companies who cross OFAC lines often have no idea that they or their activities are the reasons behind OFAC freezing their assets, fining them heavily or arresting them.

So it is most necessary that as a US citizen or company, you take the pains to find out how you can comply with the sanctions and regulations and protect yourself from possible penalty. Many legal firms in the USA provide experienced and accurate advice about the actions one needs to take in order to stay clear of the OFAC. They also provide OFAC compliance services to all sizes of legalized US firms. Such firms also represent individuals who have been labeled as "Specially Designated Nationals" in the courts of the land and educate them about their constitutional right to appeal so that their names may be removed from this blacklist.

The crime rate in USA has been on the increase for many years now. A large number of cases are reported everyday and a large number of individuals are accused of violating federal criminal statutes. But without proper trials and investigation, there is no way to be sure that the accused individual is indeed a criminal. There are many legal firms in the USA that provide the services of federal criminal defense attorneys who are highly experienced and have been accomplished lawyers in their own right. Their expertise ranges from simple assault cases to disorderly conduct to highly complex fraud and embezzlement cases. They actively pursue their client's cause through all stages of a criminal prosecution. These legal firms also provide advice to those clients of theirs who are currently being investigated by any federal investigative agency so that their clients do not get terrified and have a working knowledge of their rights in such a situation.

by: Pankaj SNV

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