Nonresident Senior Fellow, Global Business and Economics Program
TopicsTerrorism, US and European Financial Regulation, US and International Capital Markets, US-Iran Relations
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February 06, 2019On January 16, a US Senate resolution to maintain US sanctions on the Russian aluminum giant RUSAL and its holding company EN+ failed to garner the necessary 60 votes to pass. As a result, the Trump administration lifted its economic…
February 04, 2019
January 31, 2019
January 31, 2019The European Union on January 31 formally announced its long-awaited special purpose vehicle (SPV) for trade with Iran, called the Instrument in Support of Trade Exchanges (INSTEX). Predictably, the SPV won’t seek to challenge US sanctions by attempting to conduct sanctionable trade with…
January 28, 2019
Brian O’Toole is a nonresident senior fellow with the Atlantic Council’s Global Business and Economics Program. He is an accomplished expert on economic sanctions with substantial experience across public and private sectors.
Brian is the current senior vice president and the anti-money laundering (AML) executive for sanctions at BB&T Bank. In that capacity, he oversees the bank’s sanctions compliance efforts, including standardized screening processes across several dozen lines of business.
Previously, Brian worked at the US Department of the Treasury from 2009 to 2017. During this period, Brian became a senior adviser to the director of the Office of Foreign Assets Control (OFAC). As senior adviser, he helped manage the implementation of all OFAC-administered economic and financial sanctions programs, and provided strategic direction of the internal management of the agency. He additionally played a central role in designing the US sanctions regime in response to Russia’s aggression in Ukraine and negotiating the multilateral sanctions imposed by the European Union and G7 in coordination with the United States. Brian was also a key figure in implementing US government commitments under the Joint Comprehensive Plan of Action with Iran.
Prior to joining OFAC, Brian served as an illicit finance analyst for both the Treasury Department’s Office of Intelligence and Analysis and at the Central Intelligence Agency, and was an anticorruption specialist in the forensic services practice at PwC.
Brian holds a BA from Princeton University in economics, with a certificate in finance, and an MA from Johns Hopkins University Paul H. Nitze School of Advanced International Studies in international economics and strategic studies. Brian lives and works in Raleigh, NC.