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OFAC-issued regulations apply to which entities? (Choose two.)
Correct Answer: C,D
OFAC-issued regulations apply to all U.S. persons, including U.S. banks, bank holding companies, and non-bank subsidiaries, regardless of where they are located. This means that foreign subsidiaries of U.S. banks and U.S. branches of a foreign bank are also subject to OFAC compliance. However, intermediaries transacting with U.S. banks, foreign banks with U.S. customers, and foreign import-export companies are not necessarily subject to OFAC regulations, unless they are involved in transactions that involve U.S. jurisdiction or U.S. persons. References: * Basic Information on OFAC and Sanctions * OFAC Consolidated Frequently Asked Questions * Office of Foreign Assets Control - Overview