OFAC Due Diligence in Securities Offerings | Practical Law

OFAC Due Diligence in Securities Offerings | Practical Law

An overview of the Office of Foreign Assets Control (OFAC), focusing on due diligence in securities offerings. This Note explains what OFAC is, who is targeted by OFAC sanctions, who must comply with OFAC's prohibitions, what the sanctioned activities are and why OFAC is important in securities offerings. The Note also discusses OFAC-related due diligence procedures.

OFAC Due Diligence in Securities Offerings

Practical Law Practice Note 9-505-6167 (Approx. 14 pages)

OFAC Due Diligence in Securities Offerings

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
An overview of the Office of Foreign Assets Control (OFAC), focusing on due diligence in securities offerings. This Note explains what OFAC is, who is targeted by OFAC sanctions, who must comply with OFAC's prohibitions, what the sanctioned activities are and why OFAC is important in securities offerings. The Note also discusses OFAC-related due diligence procedures.