Remarks by Under Secretary Brian Nelson at ACI’s Annual Flagship Conference on Economic Sanctions Enforcement and Compliance

As Prepared for DeliveryThank you very much to ACI for inviting me here today. I’m very pleased to be back with this distinguished group of practitioners. I want to thank you for your continued frontline work to advise market participants on sensitive sanctions enforcement and compliance matters, especially during this time of great political and economic upheaval.In December 2021, as many of you are likely aware, Treasury conducted a review of the use of sanctions. The review’s findings identified ways that Treasury would seek to ensure that the design, imposition, implementation, and enforcement of sanctions are more rigorous, more focused, and better fit to purpose.My staff have been working tirelessly ever since to put these findings into practice.We have sought to broaden the impact of our sanctions through multilateral partnerships and joint implementation.