U.S. OFAC publishes “Introduction to the Office of Foreign Assets Control”
The new guidance details sanctions compliance, licensing, list removal procedures and enforcement.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on June 1, 2026, published a guide titled "Introduction to the Office of Foreign Assets Control" to provide a foundational understanding of how OFAC sanctions work and how to comply with them, including how to request a license from OFAC, how persons may be removed from an OFAC sanctions list, and how OFAC enforces its sanctions.
According to the OFAC release (June 1, 2026), the guidance is intended as a resource the public can use to better understand OFAC's expectations and thereby continue strengthening the effectiveness of OFAC sanctions.