Modernizing Sanctions To Combat Terrorism
Strengthens Sanctions, Blocks Terrorist Property and Foreign Bank Accounts
What it does
Agencies must block listed terrorists' U.S. property and let Treasury restrict foreign banks' U.S. accounts that facilitate those terrorists.
Real-world impact
- Freezes assets and property of listed terrorists in the United States.
- Allows Treasury to bar or condition U.S. correspondent accounts of foreign banks.
- Expands who can be designated, including leaders, supporters, and trainers.
Topics
Summary
This order updates U.S. sanctions to fight international terrorism. It replaces a prior executive order and strengthens who can be targeted and how property is blocked.
The order blocks property and interests in property in the United States of listed terrorists and related persons, and lets officials bar or condition U.S. correspondent accounts for foreign banks that facilitate transactions for those targets. It names Treasury and State officials as decision makers and aims to tighten financial pressure on terrorists.
Questions, answered
Ask questions about this executive order and its implications. Try:
- “What agencies are affected by this order?”
- “How does this order change existing policy?”
- “What are the practical implications of this order?”