The Trump Treasury announced key senior appointments, assigning Secretary Scott Bessent a management team with proven loyalties to the President.
John Hurley is nominee to serve as Under Secretary for Terrorism and Financial Intelligence. Mr. Hurley is currently the Managing Partner of Cavalry Asset Management and Managing Member of TGK Ventures. From 2018-2021, Mr. Hurley served on President Trump’s Intelligence Advisory Board.
The now relieved Acting Under Secretary for Terrorism and Financial Intelligence is Bradley Smith , a career Treasury official who had held the role since August 2024. Previously, Mr. Smith served as the Director and Deputy Director of OFAC, playing a pivotal role in implementing sanctions, notably those targeting Russia following its 2022 invasion of Ukraine.
With the recent ousting of Matt Borman as Principal Deputy Assistant Secretary for Export Administration at the Commerce Department's Bureau of Industry and Security (BIS), the sanctions community is waiting with bated breath to see what happens to Mr. Smith.
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