Which OFAC concept prohibits transactions with designated targets?

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Multiple Choice

Which OFAC concept prohibits transactions with designated targets?

Prohibited transactions. OFAC places strict limits on any dealing with designated targets, meaning any payment, transfer, or service related to them is not allowed unless a license is issued. This term directly captures the blanket prohibition on transactions with those targets. Blocking accounts describes freezing specific assets, which is related but focuses on the asset status rather than the overall prohibition on transactions. OFAC is the agency enforcing these rules, and Venezuela-related sanctions are one program under OFAC. So the concept that best describes the general prohibition on transactions with designated targets is Prohibited Transactions.

Prohibited transactions. OFAC places strict limits on any dealing with designated targets, meaning any payment, transfer, or service related to them is not allowed unless a license is issued. This term directly captures the blanket prohibition on transactions with those targets. Blocking accounts describes freezing specific assets, which is related but focuses on the asset status rather than the overall prohibition on transactions. OFAC is the agency enforcing these rules, and Venezuela-related sanctions are one program under OFAC. So the concept that best describes the general prohibition on transactions with designated targets is Prohibited Transactions.

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