FAC meaning in Business ?

Answer:

What is Foreign Assets Control mean?

The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives. Under Presidential national emergency powers, OFAC carries out its activities against foreign states as well as a variety of other organizations and individuals, like terrorist groups, deemed to be a threat to U.S. national security.

As a component of the U.S. Treasury Department, OFAC operates under the Office of Terrorism and Financial Intelligence and is primarily composed of intelligence targeters and lawyers. While many of OFAC's targets are broadly set by the White House, most individual cases are developed as a result of investigations by OFAC's Office of Global Targeting (OGT).

Sometimes described as one of the "most powerful yet unknown" government agencies, OFAC was founded in 1950 and has the power to levy significant penalties against entities that defy its directives, including imposing fines, freezing assets, and barring parties from operating in the United States. In 2014, OFAC reached a record $963 million settlement with the French bank BNP Paribas, which was a portion of an $8.9 billion penalty imposed in relation to the case as a whole.

reference

Full Form	Category
Flawn Academic Center	Academic & Science
Forensic Anthropology Center	Academic & Science
Forced Air Convection	Academic & Science
Faaite	Airport Code
Fixed Asset Costs	Business
Family Advisory Committee	Business
Freight Advisory Council	Business
Finance Advisory Committee	Business
Freight Advisory Committee	Business
Federal Audit Clearinghouse	Business
First Acceptance Corp	Business
Financial Allocations Committee	Business
Federal Arms Corporation	Business
Facilitate Digital Holdings Ltd	Business
Faculty Advisory Committee	Business
First Acceptance Corporation	Business
Federal Advisory Committee	Business
Flad Affiliated Corporation	Business
Funding Advisory Committee	Business
Ferry Advisory Committee	Business
Finance Accounting Consultant	Business
Foreign Assets Control	Business
Finance and Administration Committee	Business
Finance Administration Committee	Business
Federal Acquisition Certification	Business
Facilities Advisory Council	Business
Free Available Chlorine	Chemistry
Folk Arts Center	Community
Flying Arts Collective	Community
Fire Adapted Communities	Community
Financial Affairs Committee	Community
Foreign Affairs Committee	Community
Fan Art Central	Community
Fifth Avenue Committee	Community
Friday After Class	Community
Fight Against Corruption	Community
Fraternity Advisors Conference	Community
Florida Association of Counties	Community
Featured Artists Coalition	Community
Funeral Advisory Council	Community
Find- A- Cure	Community
Fine Arts Center	Community
Fantasy Art Club	Community
Feminist Art Coalition	Community
Federal Aid Committee	Community
File Access Code	Computing
Face Graphics	Computing
Facebook App Center	Computing
Flight Augmentation Computer	Computing
Forced Authorization Code	Computing
Formal Aspects of Computing	Computing
Funds Access Code	Computing
Federation Against Commodore	Computing
Fine Arts College	Educational Institute
Bitmap Graphics (unix Faceserver Image File) (usenix Face)	File Type
Florida Auto Club	General
Federal Auto Cars	General
Family Advocacy Center	General
Featured article candidates	General
Flexible Atomic Code	General
Fuel Adjustment Charge	General
Featured Article Candidate	General
Flower And Clover	General
Federal Additional Compensation	General
Founders' Activity Center	General
Family Activity Center	General
Final assembly code	General
Forecast At Completion	General
Fat Annoying Canadian	General
File a Complaint	General
Fellowship Admissions Course	General
Fridays at Copper	General
Fluorouracil Adriamycin Cyclophosphamide	General
Federal Acquisition Circulars	General
Federal Acquisition Circular	General
Flexible Aatomic Code	General
Fred Anton Corvest	General
Food and Agricultural Code	General
Fast and Casual	General
First Alert Capability	General
Fast Axis Collimating	General
Full Absorption Costing	General
Friday Afternoon Club	General
Family Always Counts	General
First Amendment Coalition	General
Fiber Active Cabinet	General
Following Another Crop	General
Fractional Area Change	General
Fake Album Cover	General
Formosa Automobile Corporation	General
Front Axle Capacity	General
Folkestone Automobile Club	General
Failcode Air Conditioning	General
Fiat Auto Corse	General
Florida Airports Council	Governmental
Fellowship Alliance Chapel	Governmental
Federal Advisory Council	Governmental
Faculty Advisory Council	Governmental
First Atlantic Commerce	Governmental
Foreign Affairs Council	Governmental
Foreign Air Carrier	Governmental
Final Approach Course	Governmental
Fire Arms Certificate	Governmental
Firearms Acquisition Certificate	Governmental
Fair, Accurate, and Clear	Governmental
Florida Administrative Code	Governmental
Freight Assembly Center	Governmental
Forward Air Control	Governmental
Fondo de Ayuda y Cooperación	International
Front d'Alliberament Catala	International
Faux Amis Complets	International
Fondo de Ayuda y Cooperaci??	International
Fair Access to Care	Medical
Familial Adenomatosis Coli	Medical
Focal Active Colitis	Medical
Functional Aerobic Capacity	Medical
Florida Autism Center	Medical
Final Acceptance Certificate	Messaging
Force Accounting Code	Military and Defence
Family Assistance Center	Military and Defence
Forward Air Controller	Military and Defence
Flying Aces Club	Military and Defence
Facility	Space Science
Fitness Aquatic Center	Sports
Fitness and Aquatics Center	Sports
Fitness Aquatics Center	Sports
Flagstaff Athletic Club	Sports
Frisco Athletic Center	Sports