OFAC Check Definition
The Office of Foreign Asset Control (OFAC) Check is a division under the U.S. Department of Treasury that determines if a foreign business entity can be allowed to do business with the United States. The United States bases its economic and trade sanctions on the U.S. Foreign Policy and National Security Goals. The U.S. Foreign Policy and the National Security Goals protect the United States from targeted foreign countries and organizations, terrorists, international drug traffickers, those engaged in creating weapons of mass destruction (WMD), and other potential transnational organized crimes. These potential transnational organized crimes like money laundering and terrorist financing are aimed at harming the U.S. national security, economy, or foreign policy.