Posts Tagged: OFAC

Charity and its Former Leader Face Punishment for OFAC Violation

March 26, 2012 Posted by The Law Firm for Non-Profits, P.C. in Accountability, Board, Grantmaking, News

We warned you to check with the Treasury Department before making grants to foreign organizations, so as not to violate the Office of Foreign Assets Control (“OFAC”). Here is an example of why nonprofits need to know those rules. Recently, Mehrdad Yasrebi, a former leader of the Child Foundation was found guilty of illegally funneling …