Treasury Department

Between a Rock and a Hard Place – Conflicting U.S. & EU Sanctions Policies Towards Iran

Co-Authored by Sharath Patil

Background on U.S. Sanctions Programs

The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) administers a number of different sanctions programs. The purpose of U.S. sanctions programs is to advance U.S. foreign policy objectives and protect national security. Currently, OFAC administers 35 sanctions programs. These sanctions programs vary widely – some are comprehensive while others are highly selective.

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OFAC Sanctions & Licensing

Co-Authored by Sharath Patil

Background on U.S. Sanctions (as of May, 2021)

The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) administers a number of different sanctions programs. The purpose of U.S. sanctions programs is to advance U.S. foreign policy objectives and protect national security. Currently, OFAC administers 35 sanctions programs. These sanctions programs vary widely – some are comprehensive while others are highly selective.

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