Sanctions Library
OFAC FAQs
Questions about OFAC sanctions, licenses, blocked funds, or the SDN list? Find answers to frequently-asked questions, including:
- What is OFAC?
- Who must comply with OFAC regulations?
- What can I do if my funds were blocked?
OFAC LIST REMOVAL
Individuals and companies who are sanctioned by OFAC are said to be "designated" and they are added to the OFAC list, which is formally known as the List of Specially Designated Nationals and Blocked Persons List (or "SDN List"). SDNs can seek removal from the OFAC list by submitting a delisting petition.
Read about the steps involved in the OFAC delisting process »
SANCTIONS INSIGHTS & UPDATES
The US government has ramped up sanctions enforcement efforts. Read our analysis on recent OFAC actions and other sanctions topics.
- December 2025: Treasury Expands Venezuela-Related Sanctions Through New Designations and Licensing Actions
- December 2025: Penalties Imposed on New York Property Management Company for Dealings with Entity Owned by Sanctioned Russian Oligarch
- November 2025: Penalties Imposed on Atlanta Real Estate Investor Who Sold Property Owned by Sanctioned Russian Elite
EXPERIENCED SANCTIONS COUNSEL
Attorneys from LBKM advise clients, both US and foreign, on a wide variety of sanctions-related issues, including OFAC compliance, delisting petitions, enforcement actions, and criminal investigations. We have deep expertise in this area from the public sector experience of former prosecutors who investigated and prosecuted OFAC matters, compliance officials who can guide companies through OFAC compliance, and skilled regulatory and administrative lawyers who can petition OFAC and fight to remove designations.
OFAC sanctions are an ever-shifting field of regulatory enforcement. Clients must stay aware of constant changes in the scope and coverage of US sanctions, as well as the political themes that determine where OFAC is focusing attention.