Office Of Foreign Asset Control

The U.S. Department of Treasury maintains "blacklists" of those barred from conducting trade or business transactions within U.S. jurisdiction. Specifically, the Office of Foreign Asset Control (OFAC) is responsible for enforcing economic and trade sanctions against certain foreign individuals and organizations, including those connected with narcotics trafficking.

OFAC maintains lists of targeted businesses and individuals — termed the Specially Designated Nationals (SDN) List and the Blocked Persons List — who are alleged to have violated American foreign policy or trade regulations. Inclusion on either list can impose extensive economic ramifications.

The Far-Reaching Consequences Of OFAC Designation

Federal agencies such as the FBI, DEA and State Department conduct the investigations that lead to placement on the SDN or Blocked Persons lists. Often, the targeted individual or business is not aware of the evidence and circumstances giving rise to the OFAC designation.

For individuals or businesses that have fallen under OFAC's designation, the consequences can be far-reaching. They are barred from conducting business or transactions with American companies. They are restricted from accessing U.S. financial systems. Additionally, OFAC has the power to freeze all assets under U.S. jurisdiction.

Experienced Legal Guidance For Unfreezing Assets

The process for challenging the OFAC listing and unfreezing assets is complex. At The Reed Law Firm, PLLC, defense lawyer Eric Reed provides knowledgeable legal guidance for those seeking removal from OFAC listings.

Mr. Reed understands the intricacies of handling OFAC-related matters. As a former assistant U.S. attorney for South Texas, he has nearly 20 years of experience handling complex federal cases. He excels at providing discreet and knowledgeable representation in sensitive, high-stakes legal situations.

Contact The Reed Law Firm, PLLC | Serving Clients Throughout Texas And Nationwide

For more information, contact us online or call 713-600-1800. Our offices are conveniently located in downtown Houston.

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