The role of US financial institutions in the international economic sanctions mechanism

Abstract

The scope of the sanctions regime imposed by the United States against countries and entities has expanded with the imposition of the Office of Foreign Assets Control of the US Department of the Treasury (OFAC), and the impact of these sanctions imposed by the United States made a clear challenge, as it prevented countries, entities and individuals from formally accessing global financial networks, which led to Vibration of financial systems and threatening the economic system of countries and entities, which achieves American hegemony without returning to the use of international law and the use of the UN Security Council, which caused the decline of the influence of the international authority represented by the United Nations.