As Treasury’s Cohen Departs for CIA, OFAC’s Szubin Takes Reins at TFI

By Colby Adams and Kira Zalan

Two of the U.S. Treasury Department's top sanctions and financial crime officials are leaving their roles for other positions within the government, the Obama administration disclosed Friday. The White House will replace David Cohen, who as undersecretary for terrorism and financial intelligence since 2011 has supervised the implementation of the country's growing array of sanctions-related regulations, with Adam Szubin, the director of the Office of Foreign Assets Control (OFAC) since 2006, according to a U.S. official. Cohen, who directed the department's Office of Terrorism and Financial Intelligence (TFI), will become the deputy director of the Central Intelligence Agency. As acting...