The Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. OFAC mandates financial institutions, including those not established under US Law to be compliant with the regulations. All staff engaged in process of banknote activities related to extended custodial Inventory such as trading, operation and settlements fall under the purview of the OFAC regulations