Questions abound regarding how the new Biden administration will approach the use of economic sanctions to influence foreign state actors. While many expect to see a return to some efforts at détente with Iran, other sanctions policies from the Trump administration may remain in place or even be tightened. What is certain is that the Biden administration will return to a more traditional and nuanced approach to the imposition of economic sanctions. Will the trend toward cross-border sanctions enforcement cooperation between the U.S. and U.K. continue? What enforcement actions and policy changes can we expect from the Office of Foreign Assets Control (OFAC) and the Office of Financial Sanctions Implementation (OFSI)? Have we seen the end of U.S. sanctions against allies (e.g., Turkey) and international tribunals (e.g., the International Criminal Court)?

Join our expert panel—including Charlie Steele, FRA partner and former OFAC Chief Counsel; Cheryl Palmeri, Chief Trade Counsel of IBM; senior Miller & Chevalier attorneys Timothy O’Toole and Matthew Reinhard; Toby Duthie, FRA Founding Partner; and Sarah Wrigley, FRA director—for a lively discussion around the current international sanctions landscape, cooperation in Anglo-American enforcement actions, and how they think enforcement trends and agency actions will develop over the next four years.

 

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