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3/19/2020

Director John Smith Departing the Office of Foreign Assets Control | U.S. Department of the Treasury

Director John Smith Departing the Office of Foreign Assets
Control
April 12, 2018

Washington – The U.S. Department of the Treasury today announced that John E. Smith will be
leaving his position as Director of the O ice of Foreign Assets Control (OFAC) in early May. Mr.
Smith has served as OFAC’s Director/Acting Director since February 2015 and has been with
OFAC for over 11 years, previously serving as its Deputy Director and as an Associate Director.
“John has been a tremendous leader for OFAC with invaluable expertise in the inner workings of
its sanctions authorities,” said Treasury Secretary Steven T. Mnuchin. “He has been a central
force in Treasury’s response to national security and foreign policy challenges.”
“I want to thank John Smith for his many years of public service and tireless dedication as a
leader of OFAC. He has been an integral part of our TFI team, leading OFAC through numerous
complex, targeted and impactful sanctions actions as we have ramped up our e orts in a
number of programs, including serving an important role in the maximum economic pressure
campaign against North Korea. John has also been a terrific colleague and we will miss him,”
said Sigal P. Mandelker, Treasury Under Secretary for Terrorism an Financial Intelligence (TFI).
Under Mr. Smith’s direction, OFAC reinforced its reputation as a key player in addressing the
nation’s most complex and challenging national security and foreign policy crises. He led the
agency’s development and imposition of some of its most significant sanctions actions ever
involving North Korea, Russia, Iran, Syria, supporters of terrorism, weapons of mass destruction
proliferators, malicious cyber actors, and narcotics tra ickers, as well as the agency’s
implementation of statutes such as the Countering America’s Adversaries Through Sanctions Act
of 2017 and the issuance of major enforcement actions against those who violated its sanctions.
“Serving as the OFAC Director has been an immensely fascinating and rewarding experience,”
said Director Smith. “OFAC’s work is truly vital to our national security, and the talent, expertise,
and commitment of its sta is remarkable. It has been an honor to serve in this role, and I know
that the dedicated career professionals at OFAC will continue to fulfill the agency’s mission and
exceed expectations.”
https://home.treasury.gov/news/press-releases/sm0347

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3/19/2020

Director John Smith Departing the Office of Foreign Assets Control | U.S. Department of the Treasury

Following Mr. Smith’s departure in early May, Deputy Director Andrea M. Gacki will serve as the
Acting Director of OFAC. Ms. Gacki has been with OFAC in various leadership capacities for the
past decade. OFAC’s Chief Counsel Bradley Smith will serve as Acting Deputy Director.
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https://home.treasury.gov/news/press-releases/sm0347

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