News and reports from the Department of the Treasury.

Treasury News

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Secretary of the Treasury Scott Bessent engaged in an introductory call with European Commissioner Valdis Dombrovskis.
Treasury

U.S. imposes new sanctions on Iranian oil minister and shadow fleet operators

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Iran’s Minister of Petroleum, Mohsen Paknejad, along with several entities across multiple jurisdictions, including China and India.
Treasury

Treasury Secretary meets with Saudi Finance Minister on regional security

Today, Secretary of the Treasury Scott Bessent engaged in discussions with Saudi Minister of Finance Mohammed bin Abdullah al-Jadaan.
Treasury

Treasury Secretary Scott Bessent outlines America First agenda at Economic Club

Scott Bessent, the U.S. Treasury Secretary, addressed the Economic Club of New York, focusing on President Trump's America First agenda.
Treasury

Treasury Secretary discusses economic priorities with German Finance Minister

U.S. Secretary of the Treasury Scott Bessent had an introductory call with German Finance Minister Jörg Kukies.
Treasury

U.S., Israel reaffirm commitment to strengthen economic partnership

U.S. Secretary of the Treasury Scott Bessent and Israeli Minister of Finance Bezalel Smotrich convened on March 5, 2025, to discuss the economic partnership between their respective countries.
Treasury

Treasury halts enforcement of transparency act on U.S. entities

The Treasury Department has announced it will not enforce penalties or fines related to the Corporate Transparency Act's beneficial ownership information reporting rule against U.S. citizens and domestic reporting companies.
Treasury

Treasury announces key appointments for senior positions

The U.S. Department of the Treasury has announced new appointments for several senior positions, as revealed by Secretary of the Treasury Scott Bessent.
Treasury

Treasury sanctions Houthi leaders over weapons smuggling ties with Russia

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced measures against seven senior members of Ansarallah, also known as the Houthis, who have been involved in smuggling weapons into Houthi-controlled areas in...
Treasury

Treasury sanctions Chinese hacker Zhou Shuai over compromise of sensitive US networks

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Zhou Shuai, a Shanghai-based hacker and data broker, along with his company, Shanghai Heiying Information Technology Company, Limited.
Treasury

Treasury sanctions Iranian head of darknet marketplace tied to drug sales

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Behrouz Parsarad, an Iran-based individual identified as the sole administrator of Nemesis, a darknet marketplace involved in illegal drug sales.
Treasury

Global Coalition holds virtual meeting to discuss strategies against ISIS financing

The United States, Italy, and Saudi Arabia recently held the 21st meeting of the Counter ISIS Finance Group (CIFG), part of the Global Coalition to Defeat ISIS.
Treasury

Foreign holdings of U.S. securities rise to over $31 trillion

Preliminary data from the June 2024 benchmark survey on foreign portfolio holdings of U.S. securities has been released by the Treasury Department.
Treasury

Treasury Secretary discusses trade policy with Korea's acting president

Secretary of the Treasury Scott Bessent engaged in a discussion with Korea's Acting President Choi Sang-mok.
Treasury

Treasury Secretary discusses US-Qatar relations with finance minister

Secretary of the Treasury Scott Bessent held a meeting with Qatari Finance Minister Ahmed al Kuwari to discuss key issues between their countries.
Treasury

Treasury Department announces new senior appointments

Secretary of the Treasury Scott Bessent has announced several key appointments to senior positions within the U.S. Department of the Treasury.
Treasury

Treasury Department announces new senior appointments under Secretary Scott Bessent

Secretary of the Treasury Scott Bessent has announced several key appointments for senior positions within the U.S. Department of the Treasury.
Treasury

US targets Chinese firms linked to Iranian drone parts procurement

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has targeted six entities based in Hong Kong and China.
Treasury

Treasury announces key appointments under Secretary Scott Bessent

Secretary of the Treasury Scott Bessent has announced several key appointments for senior positions at the U.S. Department of the Treasury.
Treasury

Melanie Krause named acting IRS commissioner following Doug O'Donnell's retirement

The U.S. Department of the Treasury has announced a leadership change at the Internal Revenue Service (IRS).
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