Department of the Treasury administers and enforces economic and trade sanctions based on U.S. In fact, OFAC is so critical to terrorism prevention that the fines for willfully failing to follow OFAC are significant, up to $10 million or up to 30 years imprisonment.įollowing are five things all casinos and businesses should do to assist the government and avoid penalties under OFAC.Īs their website states, the Office of Foreign Assets Control of the U.S. All industries and individuals, including the gaming industry, can support the government’s war on terrorism by knowing about the Office of Foreign Assets Control (OFAC) and following its regulations. The United States has committed record resources toward the prevention of terrorism to ensure that we will never again suffer another loss like that of 9/11. The anniversary of 9/11 has passed again and serves as a tragic reminder of the tremendous destruction that terrorists can cause.
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