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On June 1, 2026, the Department of the Treasury's Office of Foreign Assets Control (OFAC) published an "Introduction to the Office of Foreign Assets Control" guide designed to provide U.S. and foreign persons with foundational knowledge of how OFAC sanctions operate and how to achieve compliance. The guide addresses key compliance areas including how to request a license from OFAC, the process for removal from an OFAC sanctions list, and OFAC's enforcement mechanisms. OFAC developed this resource to help the public better understand its expectations and strengthen the overall effectiveness of sanctions programmes. The guidance covers OFAC's sanctions administration, including the Specially Designated Nationals List (SDN List) and Consolidated Sanctions List (Non-SDN Lists), which identify individuals and entities subject to U.S. sanctions restrictions. The publication is intended to serve as a reference document for compliance professionals, financial institutions, and other regulated entities subject to OFAC requirements. By providing clear guidance on sanctions compliance procedures, licensing applications, and delisting mechanisms, OFAC aims to reduce compliance violations and enhance transparency in sanctions administration. The guide is now available on OFAC's website and can be accessed alongside other OFAC resources, including frequently asked questions, civil penalties and enforcement information, and selected general licenses. Persons seeking clarification on specific sanctions compliance obligations or wishing to apply for OFAC licenses should consult the guide and contact OFAC directly for guidance on their particular circumstances. REFERENCES: Office of Foreign Assets Control. "Publication of Introduction to OFAC Guide." June 1, 2026. https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions