Collmann Griffin Discusses Syrian Sanctions in Export Compliance Daily
Subtitle
"U.S. Likely to Keep Sanctioning Syria's 'Bad Actors' for Years, Ex-Official Says"
Export Compliance Daily
In this article, Collmann Griffin discusses the likelihood that the U.S. government will keep in place sanctions on specific individuals and entities in Syria for years to come to ensure bad actors can't access their frozen assets, even as the U.S. goes to great lengths to ease broad-based sanctions on Syria to allow normal business ties with the country to resume. "There is going to be a sort of long tail of a Syria sanctions program, I predict, similar to what we saw in Iraq after the fall of Saddam Hussein," Griffin said. "The primary policy goal there will be to keep … the really bad guys on the list and to keep their assets frozen for potential repatriation to Syria in the future." The continuation of such sanctions underscores the need for those seeking to do business with Syria to perform due diligence, such as checking OFAC's sanctions tracker and ensuring a non-sanctioned entity or property they want to work with is not owned by a sanctioned person, Griffin added.