Economic Sanctions

Financial sanctions have become important instruments of regulatory and foreign policy in recent years. Following 9/11, the leading G10 developed countries have increasingly been using targeted financial sanctions against designated states, international terrorist organizations, drug traffickers, and their commercial and financial supporters. This book provides the first in depth study examining the post-9/11 financial sanctions programmes in the US and Europe, and the key regulatory and legal issues that confront businesses and related liability issues for third parties and individuals.

KERN ALEXANDER is Senior Research Fellow in Financial Regulation, Judge Business School, University of Cambridge, UK. His research has focused on the legal and economic aspects of banking and securities regulation and international trade regulation.

Introduction * History and Theory of Economic and Financial Sanctions * Financial Sanctions and the Global Economy * State Practice and Financial Sanctions * Legal Principles of Financial Sanctions * Third Party Liability under Financial Sanctions * Extending the Scope of Financial Sanctions: The USA Patriot Act and the War on Terror * The Role of the Courts in Enforcing Financial Sanctions * International Sanctions and Anti-Terrorist Financing * Building a Multilateral Regime for Financial Sanctions * Conclusion