New AtlanticistOct 20, 2021
US leaders laid down solid and sensible sanctions policy. Now they need to follow through.
By Daniel Fried, Brian O’Toole
The review is smart in addressing the true root causes of sanctions misuse without indulging in clichés such as that sanctions are overused or never work.
Brian O’Toole is a nonresident senior fellow with the Atlantic Council’s GeoEconomics Center. He is an accomplished expert on economic sanctions and foreign policy with substantial experience across public and private sectors.
Brian is the senior vice president and director of sanctions and screening at Truist Financial Corporation, the sixth-largest bank in the United States formed from the merger of BB&T and SunTrust. In that capacity, he oversees the corporation’s sanctions compliance efforts and politically exposed persons screening across the bank and its subsidiary businesses.
Previously, Brian worked at the US Department of the Treasury from 2009 to 2017. As senior adviser to the director of the Office of Foreign Assets Control (OFAC), 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 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 also helped to manage implementation of 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.