What is the Treasury's role in implementing economic sanctions?

The Treasury plays a pivotal role in implementing economic sanctions. As the primary agency responsible for enforcing such measures, the Treasury's role encompasses various crucial aspects. Firstly, it identifies targets for sanctions, assessing their involvement in illicit activities or threat to national security. The Treasury also formulates policies, regulations, and licensing requirements to guide and facilitate the implementation process. Coordinate with government agencies, financial institutions, and international partners to ensure compliance and effectiveness. The Treasury actively monitors sanctioned individuals, entities, and regions, enforcing penalties if violations occur. Additionally, it engages in outreach and provides guidance to educate businesses and organizations on compliance measures. Through these efforts, the Treasury aims to promote economic stability, national security, and international cooperation while mitigating the influence of sanctioned entities on global markets.