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The Office of Foreign Assets Control (OFAC) is responsible for administering and enforcing U.S economic sanctions. policy. As part of this mission, OFAC maintains a list of Specially Designated Nationals (SDN). All U.S. persons are.
Accounting and Reporting Policy. One role of the FRC is to issue accounting standards. It is recognised for that purpose under the Companies Act 1985. The Financial Reporting Council assumed responsibility for accounting standards on 2 July 2012.ne role of the FRC is to issue accounting standards. It is recognised for that purpose under the Companies Act 1985.