Circumventing Sovereignty: Extraterritorial Sanctions Leveraging the Technologies of the Financial System
Journal: Swiss Political Science Review
Year: 2021

Abstract US extraterritorial sanctions are implemented with comprehensive global reach, despite allies and adversaries opposing and rejecting them as violations of international law. I argue that this staggering reach rests on more than just the central position of the US in the global financial system, as existing accounts indicate; it builds fundamentally on the financial system’s operational autonomy. Enabled by technologies such as the ‘risk‐based approach’ and automated screening procedures