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Question 340

Which key aspect of the Office of Foreign Assets Control's extraterritorial reach specifically relates to
prohibited transactions?

  • A. Prohibit or reject unlicensed trade and financial transactions with specified countries, entities, and individuals Most Votes
  • B. Prohibit or reject licensed trade and financial transactions with specified countries, entities and U.S. individuals
  • C. Prohibit or reject licensed trade and financial transactions with specified countries, entities and non-U.S. individuals
  • D. Prohibit or reject unlicensed foreign trade and financial transactions with specified countries, entities, and individuals.
Answer:

A


Explanation:
"Prohibit or reject unlicensed trade and financial transactions with specified countries,
entities, and individuals. "

User Votes:
A 41 votes
50%
B 8 votes
50%
C 13 votes
50%
D 26 votes
50%
Discussions
0 / 1000
aseel
10 months, 3 weeks ago

A. Prohibit or reject unlicensed trade and financial transactions with specified countries, entities, and individuals

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alban_999
4 months, 3 weeks ago

OFAC's extraterritorial reach is designed to cover all unlicensed transactions, not just foreign ones

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trinka5
2 weeks, 1 day ago

"Prohibit or reject unlicensed foreign trade and financial transactions with specified countries, entities, and individuals."

This includes the key term “foreign”, highlighting OFAC’s extraterritorial reach, meaning it applies not just to U.S.-based entities but also to foreign entities that have any U.S. nexus (like U.S. dollars, U.S. persons, or items of U.S. origin).

This is exactly what the question is testing — the extraterritorial (beyond U.S. borders) application of OFAC rules.

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