Treasury News
Treasury
U.S. Secretary of the Treasury Janet L. Yellen and Office of Management and Budget Director Shalanda D. Young released the final budget results for fiscal year 2023.
Treasury
Members of Milorad Dobik's family and patronage network sanctioned by U.S. Treasury
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated two individuals and four entities as part of Specially Designated National (SDN) and Republika Srpska (RS) President Milorad Dodik's patronage network.
Treasury
Chainalysis debunks media claims of Hamas raising millions in crypto
The blockchain analytics firm Chainalysis has refuted claims made by the Wall Street Journal (WSJ) that Hamas raised tens of millions of dollars in cryptocurrency. According to Chainalysis, the terrorist organization actually raised less than half a million dollars through crypto funding. This contradicts the WSJ's assertion that Hamas and other terror groups were evading US sanctions and funding their operations through crypto.
Treasury
Leading crypto exchange assists Israeli law enforcement, seizing terrorist funding
Binance, the largest cryptocurrency exchange in the world, has been assisting Israeli law enforcement in freezing accounts and seizing funds associated with terrorist organizations, specifically the militant group Hamas and its Lebanese ally Hezbollah. In a partnership with Israel's Ministry of Defense, Binance helped seize $1.7 million worth of digital assets from accounts linked to Hezbollah and Iran's Islamic Revolutionary Guard Corps' Quds Force.
Treasury
Additional student debt relief approved by Biden-Harris Administration
In an announcement on Oct. 4, 2023, the Biden-Harris administration unveiled an additional $9 billion in student debt relief, marking a significant milestone in their endeavors to address the issues plaguing the U.S. student loan system. These measures, coupled with critical reforms to income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) programs, along with automatic relief for borrowers facing total and permanent disabilities, have propelled the total debt cancellation by the Biden-Harris Administration to a staggering $127 billion, benefiting nearly 3.6...
Treasury
Sinaloa affiliated money launderer and several others sanctioned by the Office of Foreign Assets Control
Recently, the Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned several individuals with ties to the Sinaloa drug cartel. A press release from the Department of the Treasury on September 26th provided details of the individuals and the implications of the sanction.
Treasury
U.S. Treasury sanctions 10 individuals responsible for fentanyl and drug trafficking
The U.S. Treasury recently sanctioned 10 individuals, many of whom are affiliated with the Sinaloa Cartel. Under Secretary Brian Nelson said on X , formerly Twitter, that these individuals were responsible for smuggling fentanyl and other drugs into the US.
Treasury
Department of Treasury targets illegal drug operation run by Chinese network
The Department of the Treasury Foreign Assets Control (OFAC) announced the targeting of 28 individuals involved in the production and distribution of illegal drug substances. This includes a Chinese network responsible for mass fentanyl production. The press release was made in conjunction with recent indictments by the Department of Justice (DOJ) of China-based illicit drug companies.
Treasury
Treasury Department announces new measures against fentanyl supply chain
According to a press release, Deputy Secretary Adeyemo announced that the Department of the Treasury is taking new measures against the fentanyl supply chain. Speaking at a press conference, Adeyemo stated, "We will continue to work with our international partners, the private sector, and across the U.S. government to bring all our tools to bear against this deadly ecosystem."
Treasury
Nelson: "We remain strongly committed to the victims and their families"
Nelson, a spokesperson for the U.S. Department of State, has reaffirmed the country's unwavering commitment to the victims and families affected by the actions of Mahmoud Ahmadinejad, the former leader of Iran. Ahmadinejad has recently been blacklisted by the Office of Foreign Assets Control for providing support to the Iranian Ministry of Intelligence and Security, which is also under sanctions by the Department of State.
Treasury
US part of debt-for-nature swap and forest conservation agreements under the Tropical Forest and Coral Reef Conservation Act
On September 11, 2023, significant agreements were reached between the United States of America, the Republic of Peru, and four non-governmental organizations under the Tropical Forest and Coral Reef Conservation Act. These agreements aim to reduce Peru's debt payments to the United States by over $20 million over the next 13 years. Instead of making these payments, the Government of Peru will allocate funds to a conservation program dedicated to protecting and revitalizing the country's tropical forests. Local non-governmental organizations will utilize these grants to...
Treasury
Department of Treasury names Hizballah agents and financial facilitators in Lebanon and South America
The U.S. Department of the Treasury, in collaboration with the Drug Enforcement Administration, has designated key Hizballah operatives and financial intermediaries in South America and Lebanon. This action targets individuals and organizations involved in funding Hizballah's terrorist activities and facilitating their presence in Latin America.
Treasury
Nelson: U.S. 'urges both sides of the conflict to cease the hostilities and violence perpetuating Sudan’s dire humanitarian crisis'
The Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on Abdelrahim Hamdan Dagalo due to his leadership of the Rapid Support Forces (RSF), an entity responsible for acts of violence and human rights abuses, including massacres, ethnic killings and sexual violence.
Treasury
Treasury Under Secretary: U.S., Republic of Korea, Japan coordinate 'to combat the DPRK’s unlawful and destructive activities'
The United States, in coordination with the Republic of Korea and Japan, imposed sanctions on two individuals and one entity for their involvement in generating revenue for the Democratic People's Republic of Korea.
Treasury
Yellen: “The Inflation Reduction Act is spurring historic investments in clean energy”
On August 29, 2023, the U.S. Department of the Treasury released proposed rules and FAQs related to the Inflation Reduction Act's implementation across America, which focuses on clean energy job incentives and prevailing wage requirements.
Treasury
Yellen: 'The Biden-Harris Administration is focused on investing in our economic strength'
Secretary of the Treasury Janet Yellen gave a statement on a press call with Vice President Kamala Harris, emphasizing the government’s support for American workers.
Treasury
Nelson: 'United States is committed to promoting a peaceful resolution to the escalation of conflict in the eastern Democratic Republic of the Congo'
The U.S. Department of the Treasury's Office of Foreign Assets Control imposed sanctions on six individuals, because they helped escalate conflict in the eastern Democratic Republic of the Congo.
Treasury
Nelson: 'The United States rejects Hizballah’s cynical efforts to cloak its destabilizing terrorist activities with false environmentalism'
The U.S. Department of the Treasury’s Office of Foreign Assets Control designated Lebanon-based Green Without Borders and its leader, Zuhair Subhi Nahla, for providing support and cover for Hizballah’s operations in southern Lebanon under the guise of environmental activism.
Treasury
Nelson: ‘Today’s action targets key individuals responsible for facilitating the illicit trafficking of deadly drugs’
The U.S. Department of the Treasury recently sanctioned three Sinaloa Cartel operators, who are known as violent criminals, with the blocking and reporting of all their properties in the United States.
Treasury
Nelson: 'We remain committed to exposing and disrupting the arms trade underpinning Putin’s brutal war in Ukraine'
The U.S. Department of the Treasury's Office of Foreign Assets Control recently imposed sanctions on three entities for their involvement in a sanctions evasion network attempting to facilitate arms deals between Russia and the Democratic People's Republic of Korea.
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