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National security has traditionally been the domain of diplomats and military strategists. But as money flows across borders to finance terrorism and weapons proliferation, financial officials and global bankers are increasingly finding themselves on the front lines of national security policy. For the world's financiers, the stakes are high and the risks involve more than the bottom line. Will U.S. foreign policy inform or compete with the profit-driven risk assessments of the world's banking institutions?
The Miller Center of Public Affairs at the University of Virginia hosted a special panel, "Between War and Words: Financial Sanctions and U.S. Foreign Policy" on Thursday, April 17, presented by the Miller Center's Governing America in a Global Era (GAGE) program.
Visiting Scholar Rachel Loeffler moderated this conversation between David Aufhauser, Managing Director of UBS AG, and former General Counsel for the U.S. Treasury Department; Kimberly Elliott, Senior Fellow at the Peterson Institute for International Economics and Center for Global Development; Glenn Simpson, investigative reporter for the Wall Street Journal; and Robert Werner, Managing Director at Merrill Lynch & Co., Inc., former Director of the Treasury Department's Financial Crimes Enforcement Network (FinCEN), and former Director of the Treasury Department's Office of Foreign Assets Control.
Founded in 1975, the Miller Center of Public Affairs is a leading nonpartisan public policy institution that aims to fulfill Jefferson's public service mission by serving as a national meeting place for engaged citizens, scholars, students, media representatives and government officials to research, reflect, and report on issues of national importance to the governance of the United States, with special attention to the central role and history of the presidency.