Foreign Asset Control Requirements
Prohibition on Doing Business With Specially Designated Nationals

On Sept. 23, 2001, President Bush issued executive order 13224, “Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism.”

The OFAC administers this executive order and maintains the Specially Designated Nationals List.

All agencies are responsible for ensuring they do not conduct business with those individuals or organizations identified in the list.