WASHINGTON -- Newly installed Treasury Secretary Henry Paulson announced last week that Adam Szubin will serve as the next director of Treasury's Office of Foreign Assets Control.
In his new post, Szubin will be responsible for administering and enforcing the nation's economic sanction programs aimed at advancing foreign policy and national security objectives. He has previously served at Treasury as the senior advisor to the Under Secretary for Terrorism and Financial Intelligence. In this capacity, he helped to develop and coordinate the implementation of policies on a range of issues, including terrorist financing, money laundering, sanctions programs, rogue regimes, weapons of mass destruction proliferation, and intelligence analysis. He also chaired the Money Laundering Threat Assessment Working Group, which produced the first government-wide analysis of U.S. money laundering vulnerabilities.
Szubin came to Treasury from the Department of Justice, where he served as counsel to the deputy attorney general. Prior to that, he worked as a trial attorney in Justice's civil division, serving as a member of the Terrorism Litigation Task Force. He had also clerked for Judge Ronald Gilman on the U.S. Court of Appeals for the Sixth Circuit.
Szubin is a Harvard Law School graduate cum laude and Harvard College graduate magna cum laude.
He replaces Robert Werner who served until his departure earlier this year to become director of the Financial Crimes Enforcement Network. Barbara Hammerle has served as the acting OFAC director since Werner's departure.
