OFAC enforcement action highlights sanctions risk for trustees, corporate service providers and family offices.

On March 20, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a final rule extending the recordkeeping requirements under OFAC's regulations from five years ...

The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions imposed by the United States against foreign countries. Depending on the country, OFAC ...