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U.S. OFAC publishes “Introduction to the Office of Foreign Assets Control”

The new guidance details sanctions compliance, licensing, list removal procedures and enforcement.

june 2, 2026

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.

For more information, contact a professional with KPMG Trade & Customs services:

 

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@kpmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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