Why should non-US companies adhere to OFAC and US sanctions? Who enforces UN and nation state sanctions against other nations, companies, and individuals?
Why should a company outside the US adhere to US Sanctions and OFAC regulations? Companies outside of the US should obey the US Sanctions and the Office of Foreign Assets Control (OFAC) because refusing to do so will cause major penalties and other sanctions. OFAC is a US government agency that enforces economic trade sanctions […]