On July 12, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control released a new video in its series entitled OFAC Basics. The new video, “My Funds Are Blocked, Now What?” lays the groundwork for viewers to understand what the term blocked funds means, and what measures may be taken in the event that funds have been blocked in connection with OFAC sanctions.
The first video in the OFAC Basics series was released on January 19, 2024. Entitled “Sanctions List Search,” the video introduces viewers to the different OFAC sanctions lists, and offers instructions on how to search these lists.
The OFAC Basics series is designed to complement Introduction to OFAC, a series of short videos that premiered in July 2023. Episode 1, “The Office of Foreign Assets Control,” may be viewed here. Episode 2, “Blocking and Non-Blocking Sanctions,” may be viewed here.