Organization
Office of Foreign Assets Control.
agency of the United States Department of the Treasury
Today's story
Bank of America Hit With $1.2B AML Fine
Treasury imposed more than $1.2 billion in penalties on Bank of America on October 13, 2026, including a record $750 million OCC fine, after the bank failed to report over $5 billion in suspicious transactions.
Finance · 170 sources · Oct 16, 2026Read it
The journal
Open the journal →About Office of Foreign Assets Control
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the United States Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives. Under presidential national emergency powers, OFAC carries out its activities against foreign governments, organizations, and individuals deemed a threat to U.S. national security.
Everything about Office of Foreign Assets Control →- Country
- United States
- Headquarters
- Freedman's Bank Building
- Inception
- 1950
- Website
- https://ofac.treasury.gov/