In light of the Office of Foreign Assets Control's Nov. 20 identification of those connected to the Iran Revolutionary Guard Corps printing of counterfeit Yemeni money, there are two actors worth paying attention to: Iran and the EU.
Latest in Sanctions
A case study in assessing the benefit of sanctions.
To have serious consequences for the JCPOA, decertification requires an additional step: Congress or the White House would have to reimpose sanctions on Tehran.
New sanctions targeting North Korea will have a serious impact on China.
The Grand Chamber of the Court of Justice of the European Union has issued judgments in two appeals concerning EU counterterrorism sanctions against Hamas and the LTTE (Tamil Tigers). The judgments offer a relatively permissive interpretation of the EU Council’s procedural obligations in extending existing counterterrorism designations compared to that of the EU General Court.
As cybercrime spreads in its many mutations, governments and regulators across the globe continue to develop a variety of solutions. One regulatory method that has gained in popularity and sophistication in recent years is the financial response to cybercrime. The United States in particular has explored financial sanctions at the “front end,” to deprive cybercriminals of access to financial channels, and financial penalties at the “back end,” particularly asset forfeiture, to recover the proceeds of criminal activity.
Countering Iran requires gains “on the ground” from tangible measures such as sanctions and, where necessary, the use of force, and also requires gaining the moral high ground of legitimacy in the war of ideas.
Why Is the US More Likely to Sanction Chinese Companies for Supporting Iran than for Supporting North Korea?
Treating China lightly for its support of North Korea is consistent with the approach of the Bush and Obama administrations, but it makes little legal or strategic sense today.
Russia sanctions legislation has been introduced in both houses of Congress. Here's a breakdown of the two leading bills.
Last summer, I pointed out that U.S. law already authorizes the President to impose targeted economic sanctions to deter or punish Chinese aggression in the South China Sea. That none were imposed, however, is hardly surprising. Although U.S. sanctions are often threatened, the U.S. government has rarely, if ever, imposed economic sanctions on a Chinese company or individual, even for offenses such as cyber-theft or illegal trade with Iran.