Rethinking Sanctions Efficiency

... ‘policy’ and ‘behavior.’ For the purposes of this paper ‘policy’ means certain actions by the U.S. governmental authorities to guarantee that business complies with existing sanctions programs and legislation. ‘Behavior’ means actions of business in terms of compliance with imposed sanctions. This research deals with cases when business violates imposed sanctions for one reason or another, while governmental regulators react with punitive measures in order to change the behavior of the violators. The U.S. Department of the Treasury ...