U.S. Banks Collaborating on Blanket Sanctions List Aimed at Syria

By Brian Monroe and Colby Adams

With the issuance Thursday of broad economic sanctions against Syria, banks in the United States are collaborating on a list of accounts and clients tied to the Middle Eastern government. In an executive order, the Obama administration barred the Syrian government from accessing the U.S. financial system, and ordered financial institutions to freeze the assets of any state-owned Syrian entities. The sanctions coincide with open calls by President Barack Obama for Syrian President Bashar al-Assad to step down following months of violence against political protestors. The sanctions are "extremely broad" and prohibit U.S. banks from providing "any financial services of...