Kenneth Rijock

Kenneth Rijock

Friday, September 13, 2019

EXECUTIVE ORDER IMPOSES SANCTIONS ON CORRESPONDENT ACCOUNTS OF FOREIGN FINANCIAL INSTITUTIONS THAT FACILITATE TERRORISM



The President of the United States has issued an Executive Order entitled Modernizing Sanctions to Combat Terrorism. Treasury is now authorized to target terrorists and terrorist facilitators, by imposing correspondent account or payable-through account sanctions on any foreign financial institution that knowingly conducts or facilitates any significant transaction for on on behalf of any Specially Designated Global Terrorist (SDGT).

Readers who need the original source material will find the complete text below.




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