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4 - Enforcement Infrastructures of US Economic and Financial Sanctions

Published online by Cambridge University Press:  22 March 2025

Caf Dowlah
Caf Dowlah
Affiliation:
University of Miami Law School
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Summary

This chapter unveils the intricate machinery driving the implementation of US sanctions. The role of US governmental machinery takes center stage as the chapter scrutinizes the sanctions enforcement infrastructures with special focus on the Department of Treasury’s Office of Foreign Assets Control (OFAC), the Department of Commerce’s Bureau of Industry and Security (BIS), and the Department of State’s Bureau of International Security and Non-proliferation (ISN). The chapter also dissects the extraterritorial application of sanctions, unraveling the role of the US dollar-denominated global payments system, and enforcement of US sanctions through mechanisms like SWIFT and the Fedwire Network, while also exploring major challenges posed to this system by emerging alternatives.

Keywords

Sanctions and OFACSanctions and SDNsSanctions and SWIFTSanctions and FedwireSanctions and CHIPS
Type
Chapter
Information
Economic and Financial Sanctions of the United States
Legal Perspectives
 , pp. 117 - 151
Publisher: Cambridge University Press
Print publication year: 2025

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