Welcome to everyone here and those who a william hello, everyone, and welcome to the Atlantic Council. Welcome to everyone here and those watching on cspan and our livestream. To if it cohosted by our strategy and security in our Global Business and economics programs economic sanctions initiative. This if it is on the record. Please tweet if you know so inclined and if so, please use the hashtag shaping sanctions. Today we are here of course to learn more about asthma and its finances. When he is one of the most sophisticated in the middle east. Iran patron has reportedly provided terrorist group we put hundreds of millions of dollars. Annually. This money has advanced the iranian agenda, undermining weapons political system and its delegate secretary and balance. Challenging the world lebanese as the sole legitimate protector of the security. Providing on demand Ground Forces work irans work in syria. Maintaining a toptier terrorist capabilities in the region and really throughout th
The Atlantic Council. Welcome to everyone here and those who are watching as when he spent in her lifestream, i name is william. I laid the Atlantic Council work on the middle east. Im delighted to welcome you here today to if it cohosted by our strategy and security in our Global Business and economics programs economic sanctions initiative. This if it is on the record. Please tweet if you know so inclined and if so, please use the hashtag shaping sanctions. Today we are here of course to learn more about asthma and its finances. When he is one of the most sophisticated in the middle east. Iran patron has reportedly provided terrorist group we put hundreds of millions of dollars. Annually. This money has advanced the iranian agenda, undermining weapons political system and its delegate secretary and balance. Challenging the world lebanese as the sole legitimate protector of the security. Providing on demand Ground Forces work irans work in syria. Maintaining a toptier terrorist capabi
Today we are here of course to learn more about asthma and its finances. When he is one of the most sophisticated in the middle east. Iran patron has reportedly provided terrorist group we put hundreds of millions of dollars. Annually. This money has advanced the iranian agenda, undermining weapons political system and its delegate secretary and balance. Challenging the world lebanese as the sole legitimate protector of the security. Providing on demand Ground Forces work irans work in syria. Maintaining a toptier terrorist capabilities in the region and really throughout the globe. And directly threatening israel. In addition to its direct financing from tehran, has law has built its own World Wide Network of from companies and operatives that facilitate the book human of romans and dual use goods for its activities again in web and on the world. Moreover some senior members havent facilitated directly in illicit activities. They bring the group themselves additional revenues. Includi
At any time. This hearing is entitled evaluating the effectiveness of u. S. Sanctions programs. I now recognize myself for five minutes to give an opening statement. Im pleased to welcome our colleagues and our witnesses to the subcommittees hearing on u. S. Sanctions from iran to north korea to russia and venezuela, sanctions are increasingly used as an instrument in our Foreign Policy tool kit and Congress Must ensure that they be held accountable for results. This hearing will examine major sanctions programs as we seek to evaluate their effectiveness. Let me highlight three points that may provide context for this discussion. First, sanctions are key to bringing about behavioral change abroad and this committee has stressed that they should be designed accordingly. That means calibrating sanctions and sanctions relief based on specific and achievable actions we wish to see from a foreign actor. Tailoring sanctions in this way is important for secondary sanctions, given how banking
Before we gavel the hearing in, i would just like to remind audience members that disruption of Committee Proceedings is against the law and will not be tolerated. Although wearing themed shirts while seated in the hearing room is certainly permissible, holding up signs during the proceedings, that is not permissible. So any disruptions will result in a suspension of the proceedings until the Capital Police can restore order. With that, i would id like to call us to order here for our hearing this morning and ask all the members to take their seats if you could. On september 3rd north korea detonated a Nuclear Device that according to news reports was stronger than all of the previous tests combined. This Hydrogen Bomb represents the latest advancement in north koreas longrunning nuclear and Intercontinental Ballistic Missile programs which now pose an urge gents threat to the United States. Moreover, the apparent speed in which these north korean advancements have occurred are challen