Skip to content
Subscriber Only

Treasury Sanctions Programs Face Broad Review From Biden Team

  • Incoming Treasury deputy Adeyemo plans wide-ranging evaluation
  • Biden team to revisit budget, staff, Trump sanctions approach
Treasury Secretary Mnuchin Plans To Exhaust All $500 Billion In Virus Loan Fund
Photographer: Andrew Harrer/Bloomberg
Updated on

President-elect Joe Biden’s national security team plans to conduct a top-to-bottom review of sanctions operations at the U.S. Treasury Department, including an evaluation of current programs, staffing and budgets, according to people familiar with the matter.

Adewale “Wally” Adeyemo, chosen by Biden as the No. 2 official at Treasury, will coordinate with other national security agencies to review how the Terrorism and Financial Intelligence unit, or TFI, at Treasury operates, the people said.