Financial Sanctions Quotes

Europe, the U.S., and their allies can defeat the terrorists of Islamic State, or ISIS. The first step is making the decision to fight back. The next step is understanding that drones and standoff missiles will not be enough. Ground troops will be needed.

Why should the court impose a judgment in a case in which the SEC alleges a serious securities fraud, but the defendant neither admits nor denies wrongdoing?

Al Qaeda is on the run, partly because the United States is in Afghanistan, pushing on al Qaeda, and working internationally to cut off the flow of funds to al Qaeda. They are having a difficult time. They failed in this endeavor.

The way you really stop Al-Qaeda is by stopping their funding. It's not by carpet-bombing or land invasions or anything.

Those who bank terrorism are equally culpable with those who commit it. I’d feel a lot better if the Saudis were not auditing the Saudis We have had our own experiences where the auditors had a conflict of interest.

Strict justice would demand total confiscation of your property, personal imprisonment and fines.

To prohibit the Exportation of Money, in that it is a thing almost impracticable, it is almost nugatory and vain.

I rang my friend Jim Wolfensohn, who was then running a private commercial bank in New York. I said, "Come up to Vancouver", and he did. I put my proposition to him. He said, "I think it could work." I said, "Will you help us?" He said, "Yes." So, I set aside senior people in our treasury and they worked with Wolfensohn and the investment sanctions were applied. And that's what brought the regime down. The last South African Finance Minister, Barend du Plessis, went on record as saying that it was the investment sanctions that put the final nail in the coffin of apartheid.

Sanctions are not really an economic weapon.

In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.

Economically, ISIS is making money every day on the black market with their oil fields. But they are also putting money in banks. We know where those banks are. We should go after the banks and the facilitators using them.

The U.S. can use its control over the dollar and the global financial system to shut down any bank or bank account in the world. It can use its control over Apple and Google to remove apps from the App Store and Google Play.

We must inflict upon terrorists and their families critical economic harm.

We have to take ISIS oil, shut down all of the mechanisms whereby they can disperse money because they go after disaffected individuals from all over the place, and they're able to pay them.

By cutting off Hezbollah's lifelines to international financing, we can break its cycle of violence around the world.

Collective European Union action could mean no hiding places for evaders, no safe haven for tax avoiders, and no treasure islands for money launderers.

U.S. Government has said they are now going to go after the terrorist's electronic banking system. You know what they should do? They should transfer bin Laden's funds to my bank. They'd mess up his deposits, screw up his statement and nickel and dime him to death with service charges.

The American Justice Department has left us with no choice. Our lawyers say that if we don't register as a foreign agent, the director of our company in America could be arrested, and the accounts of the company could be seized.

Economic aggression can have no other offspring than war. It is dangerous as it is futile.

If Iran wants their money back and wants to be treated like a normal nation, they need to act like a normal nation.

A campaign against terrorism requires checks on ”over stretch” and a viable exit strategy.

We also call for a freeze on the bank accounts of those countries, including our allies, with due warning.

Putting together a counter- terrorism policy, it's very easy to look at law enforcement or defense, military action or stopping the money flows or whatever, but the really difficult part is integrating all aspects of the policy, and I think she put a lot of emphasis on that.

The cumulative effects of the economic and financial sanctions might well bring the rebellion to an end within a matter of weeks rather than months.

I had to deal with terrorist finance. And we had to, if you like, ensure that the accounts of people who were guilty of terrorist finance or using their accounts for terrorist finance were closed down. So we had to do asset freezing.