News and reports from the Department of the Treasury.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated five individuals and seven entities based in Iran, the People’s Republic of China (PRC), and Hong Kong for facilitating procurements on behalf of subordinates of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL). These designations involve components such as accelerometers and gyroscopes essential to Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs.

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The U.S. Department of the Treasury and Internal Revenue Service (IRS) announced today that Pennsylvania will join IRS Direct File for Filing Season 2025. This initiative, enabled by President Biden’s Inflation Reduction Act, aims to improve customer service across various platforms to ensure taxpayers claim all eligible benefits and deductions.

The U.S. Department of the Treasury announced its current estimates of privately-held net marketable borrowing for the July-September 2024 and October-December 2024 quarters.

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Thank you, President Goldfajn, for convening this roundtable, and thank you all for joining. I am glad that we have been able to gather this group here today to discuss how businesses can support sustainable livelihoods and conservation in the Amazon and nature and biodiversity more broadly.

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BELÉM - At a roundtable in Belém, the gateway to the Amazon, Secretary of the Treasury Janet L. Yellen announced the Amazon Region Initiative Against Illicit Finance to combat nature crimes. This partnership involves the Amazon basin countries of Brazil, Colombia, Ecuador, Guyana, Peru, and Suriname. The initiative aims to leverage U.S. expertise and resources alongside regional partners to address the financing of nature crimes and counter transnational criminal organizations.

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Minister Haddad, it was a pleasure meeting with you earlier this week, and I am very glad that we are jointly announcing the launch of the Brazil Fazenda-U.S. Treasury Climate Partnership today.

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Today, Secretary of the Treasury Janet L. Yellen met with Minister of Finance Shun’ichi Suzuki of Japan on the margins of the G20 Finance Ministers and Central Bank Governors meeting in Rio de Janeiro, Brazil. Secretary Yellen underscored her appreciation for the steps Japan has taken to combat Russia’s war in Ukraine, including Japan’s partnership in the G7’s efforts to launch “Extraordinary Revenue Acceleration” loans that unlock the value of immobilized Russian sovereign assets to support Ukraine’s resistance and aid its long-term reconstruction. Secretary Yellen also...

It is a pleasure to meet with Minister Godongwana at this G20 to discuss our shared international economic priorities as we look ahead to South Africa’s G20 host year in 2025 and the United States' host year in 2026.

The flooding in Rio Grande do Sul that began in late April had a devastating impact across southern Brazil. We express our condolences to the families of those who died in this disaster and recognize that the Brazilian government is working hard to help the hundreds of thousands of people that remain displaced. The recognition of the grave environmental and climate crises faced by all nations is part of the motivation for our coming together to address climate change, and to leverage the opportunities doing so presents for supporting just transitions and economic development.

The U.S. Treasury's Office of Foreign Assets Control (OFAC) has sanctioned the Lopez Human Smuggling Organization (Lopez HSO), a transnational criminal organization based in Guatemala. This action, coordinated with partners from the U.S., Mexico, and Guatemala, aims to disrupt operations that threaten U.S. national security by smuggling migrants illegally.