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Exam CRCM topic 1 question 254 discussion

Actual exam question from ABA's CRCM
Question #: 254
Topic #: 1
[All CRCM Questions]

Which of the following countries are currently subject to the Office of Foreign Assets Control Regulations?

  • A. North Korea
  • B. Jordan
  • C. Bahrain
  • D. Russia
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Suggested Answer: A 🗳️

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Cam22
4 months ago
Selected Answer: A
The correct answer is: A. North Korea D. Russia As of my last update in January 2022, both North Korea and Russia are subject to the Office of Foreign Assets Control (OFAC) regulations. OFAC administers and enforces economic and trade sanctions based on US foreign policy and national security goals. Sanctions can target specific countries, entities, individuals, or groups, and they can vary in scope and severity. Jordan and Bahrain are not typically under OFAC sanctions, though they may be subject to other international sanctions or regulations.
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