As a business, you know that compliance with government regulations is important - especially if you're engaged in activities that could cause negative consequences for your company. The Office of Foreign Assets Control (OFAC) is a division of the US Treasury Department that oversees and enforces sanctions against certain countries and entities. OFAC has a compliance program that businesses must adhere to in order to avoid penalties. The OFAC compliance program includes specific guidelines for how companies should handle their foreign assets, as well as requirements for disclosures about those assets. In addition, businesses must notify OFAC of any changes...