U.S. Department Of Treasury
Recent News About U.S. Department Of Treasury
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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...
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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.
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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.
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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.
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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."
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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.
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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...
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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In a recent podcast conversation, Michael Saylor of MicroStrategy shared his viewpoint that the involvement of major corporations in procuring and securely holding Bitcoin within their control shouldn't spark apprehension, according to a press release.
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Confirmed through correspondence with a spokesperson from Binance, it has been affirmed that Binance Connect, the compliant division responsible for cryptocurrency buying and selling within the Binance exchange, is scheduled to terminate its operations on Aug. 16, according to a press release.
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El Salvador President Nayib Bukele initially unsettled many in the financial world with his endorsement of Bitcoin; however, his current oversight of a surging bond rally has proven too enticing to resist. Exceptional returns of around 70% — the highest among emerging market dollar bonds this year — are luring investors who were once cautious or completely avoiding these securities, Bloomberg reported.
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The U.S. Department of the Treasury and the Internal Revenue Service recently introduced final rules for the Low-Income Communities Bonus Credit initiative.