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Intelligence Matters

Top Former CIA, Treasury Official David Cohen on What Makes Sanctions Bite

Intelligence Matters

CBS News

Politics, News, Government

4.73.3K Ratings

🗓️ 30 October 2018

⏱️ 37 minutes

🧾️ Download transcript

Summary

In this episode of Intelligence Matters, host Michael Morell speaks with David Cohen, former Deputy Director of the CIA and Under Secretary for Terrorism and Financial Intelligence about whether, when, and how targeted financial sanctions work. Cohen explains why the U.S. sanctions snapping back on Iran's oil industry may not have the same bite they did years ago, and why the Trump's administration's once-effective North Korea sanctions may have been weakened by the Singapore summit. Cohen describes how secondary sanctions expand the reach and enhance the power of U.S. financial sanctions, and how intelligence helps determine whether a given sanctions regime is effective.

Transcript

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0:00.0

Hey, prime members, you can listen to Intelligence Matters ad-free on Amazon Music.

0:05.6

Download the app today.

0:08.9

This is the Intelligence Matters podcast with former acting director of the CIA, Michael

0:13.7

Morelle, sponsored by Raytheon.

0:18.4

Sanctions don't work by themselves.

0:20.2

Sanctions are enormously more effective if you have other countries amplifying what we're

0:25.0

doing.

0:26.0

You have grudging acceptance of U.S. sanctions rather than embrace of U.S. sanctions,

0:32.1

you get evasion.

0:34.0

That's where we are with regard to the re-imposition of sanctions on Iran.

0:40.3

The sanctions on the payment for the sale of Iranian oil will be coming back into effect.

0:45.9

The sanctions will have an impact.

0:47.3

There's no question they will have an impact.

0:48.6

I think Iran's trying to figure out what it is that the U.S. is trying to accomplish.

0:53.2

What is the U.S. policy goal here?

0:56.0

I think the administration made a serious misstep in the Singapore summit because it was

1:03.0

an important leverage that we had over the North Koreans, you know, get them to do something

1:07.6

before you get my meaning with the president.

1:09.6

And I think the effect has been that the sanctions are not nearly as powerful today as they

1:14.8

were nine months ago.

1:20.1

David Cohen is a law partner at Wilmer Hale, where he leads the firm's financial and

1:24.8

business integrity group and where he represents a vast array of clients on matters involving

...

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