Question

ofac filter is applicable to

Answer 1

· OFAC provides a free, online application to enable users to simultaneously search all of its sanctions lists. A license is an authorization from OFAC to engage in a transaction that otherwise would be prohibited (e.g. release of blocked funds
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Answer 2

Answer:

Explanation:

OFAC or The Office of Foreign Asset Control is applicable to those group of individuals and countries engaged in activities like terrorism, narcotics and other illegal activities. It is a enforcement agency of the U.S. Treasury Department.

It follows the sanctions as laid down by the U.S. foreign policy and national security . These policies are directed at those countries, terrorists, narcotics network and countries involved in weapons of mass destruction which are a threat to national security or economy.

Citizens of U.S. must comply with OFAC regulations. This also includes the permanent citizen of the U.S. irrespective of where they are located and entities incorporated within the United States including their foreign branches.

Hope this helps.