GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
In response to the Venezuelan economic, political, and humanitarian crises, the U.S. government has imposed sanctions on Venezuela's state oil company, government, and central bank, among others.
Some criminal and terrorist organizations use trade-based money laundering to disguise illicit proceeds and fund their operations. These kinds of schemes can rely on misrepresenting the price, quantity, or type of goods in trade transactions.
The United States has increasingly used sanctions—such as freezing assets under U.S. control—to counteract threats to U.S. interests.
We reviewed federal agencies’ roles in, and the resources they devote to, carrying out sanctions.
When foreign countries engage in activities that threaten U.S. interests, the U.S. government can impose economic sanctions. For example, the United States may prohibit certain exports or freeze a foreign entity’s U.S. assets to try to stop weapons proliferation or human rights abuses.
U.S. agencies partner with nonprofit organizations to deliver humanitarian assistance around the world.
Unstable or high-conflict areas, where aid is often needed, have a higher risk of financial crimes such as money laundering and terrorism financing.
View Spanish version of Highlights (PDF, 1 page).
In 2014, the President announced a shift in U.S. policy toward Cuba—restoring diplomatic relations, modifying the long-standing economic embargo, and increasing support for the Cuban people, including the nascent private sector.
What GAO Found The Department of State (State) has developed a six-step process for designating foreign terrorist organizations (FTO) that involves other State bureaus and agency partners in the various steps. State's Bureau of Counterterrorism (CT) leads the designation process for State.
GAO was asked to prepare an inventory of specific bilateral trade measures that China made as part of the U.S.-China Joint Commission on Commerce and Trade (JCCT) and the U.S.-China Strategic and Economic Dialogue (S&ED).