Over the past two decades, when confronted with threats to its national security, the United States has increasingly turned to economic sanctions as a primary response. As the role of sanctions in the U.S. policy toolkit has grown, so too has the compliance demands on U.S. businesses, lawyers, and even individual citizens.
Compliance with U.S. sanctions regulations has never been easy. As the 2001 Final Report of the Judicial Review Commission on Foreign Assets Control attests, “Members of the legal and business communities who regularly deal with OFAC expressed frustration regarding perceived barriers to effective and efficient compliance with the sanctions programs that OFAC administers.” While some progress has been made, the number of sanctions programs has multiplied in both number and complexity.
Sanction Law was created in December 2008 by Sanction Law Founding Editor Erich Ferrari in order to analyze the legal and policy considerations of this powerful foreign policy tool.
Sanction Law’s mission is to provide a practical, easy to use resource that will assist both expert practitioners and newcomers alike in navigating the world of U.S. economic sanctions.