Architect of Current U.S. Economic Sanctions Effort Resigns Treasury Post

By Brian Monroe and Colby Adams

The first and to-date only Under Secretary for Terrorism and Financial Intelligence at the U.S. Treasury Department, Stuart Levey, has resigned, Treasury Secretary Timothy Geithner confirmed in a prepared statement. The Obama administration will replace Levey, who has been responsible for executing and shaping U.S. sanctions policy since the September 11, 2001 terrorist attacks, with David Cohen, Assistant Secretary for Terrorist Financing, according to the statement from Geithner. Levey will remain at Treasury through next month and Cohen's name will go to the Senate next week, a senior administration official said. Levey's legacy is his "innovative" use of sanctions, making...