The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned almost 40 percent more entities compared to five years ago, according to research conducted by Accuity, a provider of financial crime screening, payments, and know-your-customer solutions. In contrast, the number of entities sanctioned by the United Kingdom, the European Union, and the United Nations has actually decreased since 2014. Sanctions can involve asset freezes, restrictions on trade, and travel restrictions.
