What jurisdiction does the Office of Foreign Assets Control have?

The Office of Foreign Assets Control (OFAC) has jurisdiction over confiscated property and payments as it is responsible for administering and enforcing economic and trade sanctions based on US foreign policy and national security goals. This includes dealing with assets that have been blocked or confiscated due to violations of these sanctions. The authority to impose restrictions on finances and property stems from various statutes, such as the International Emergency Economic Powers Act (IEEPA).

While the OFAC does have a role concerning the export of certain items like weapons (which might relate to sanctions), its overall jurisdiction is broader and not limited to just that aspect. Similarly, domestic transactions are also under OFAC’s purview when they involve entities or individuals subjected to sanctions, rather than being confined solely to domestic dealings. Therefore, asserting that OFAC has no jurisdiction over financial matters would also be inaccurate, as the agency's core function revolves around overseeing financial transactions in the context of international sanctions enforcement. Thus, the correct choice highlights OFAC’s authority related to property and payments affected by economic sanctions.