U.S. Department of the Treasury
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Recent News About U.S. Department of the Treasury
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WASHINGTON - Today, Secretary of the Treasury Janet L. Yellen met with Italy’s Minister of Economy and Finance Giancarlo Giorgetti on the sidelines of the Spring Meetings of the International Monetary Fund and World Bank.During their meeting, Secretary Yellen and Minister Giorgetti exchanged views on shared G7 priorities amid Italy's presidency. Secretary Yellen also discussed ways to unlock the value of immobilized Russian sovereign assets to support Ukraine’s continued resistance and long-term reconstruction, and ways to constrain Russia’s access to the goods it needs...
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Under Secretary for Terrorism and Financial Intelligence Addresses Banking Roundtable in Puerto RicoAs Prepared for DeliveryThank you all for coming together today for this important discussion. These were the opening remarks of Brian Nelson, the U.S. Treasury’s Under Secretary for Terrorism and Financial Intelligence, at a Banking Roundtable in San Juan, Puerto Rico.Nelson emphasized the importance of combatting financial crimes, stating, "You are on the front lines of combatting financial crimes, so I hope this will be a frank and open discussion and exchange of perspectives on how we can collectively mitigate these threats."During the roundtable, Nelson...
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WASHINGTON – Yesterday, Deputy Secretary of the Treasury Wally Adeyemo met with Turkish Minister of Treasury and Finance Mehmet Şimşek to discuss important economic matters."They exchanged views on the global economic outlook, as well as the American and Turkish economies."During the meeting, both officials also explored ways to enhance the relationship between the United States and Türkiye."They also discussed ways in which the United States and Türkiye can strengthen the bilateral relationship by deepening trade and investment, and boosting anti-money laundering,...
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WASHINGTON – On Friday, U.S. Deputy Secretary of the Treasury Wally Adeyemo met with Nigerian Minister of Finance Wale Edun on the sidelines of the IMF-World Bank Spring meetings. During the meeting, Deputy Secretary Adeyemo commended Minister Edun for Nigeria’s important reforms to advance market-oriented economic policies and address inflation.In addition, the Deputy Secretary welcomed Nigeria’s engagement with the World Bank, including support for social safety nets and fiscal reforms. Adeyemo also sought an update from Minister Edun on Nigeria’s efforts to combat...
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WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with United Kingdom Chancellor of the Exchequer Jeremy Hunt on the sidelines of the IMF-World Bank Spring Meetings in Washington, DC.During the meeting, Secretary Yellen discussed ways to continue providing near-term financial assistance to Ukraine, as well as ways to unlock the value of immobilized Russian sovereign assets to support Ukraine’s continued resistance and long-term reconstruction.In addition, Secretary Yellen addressed the issue of constraining Russia’s access to goods necessary for building...
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WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against two companies and four individuals involved in cyber attacks on behalf of the Iranian Islamic Revolutionary Guard Corps Cyber Electronic Command (IRGC-CEC). These actors targeted multiple U.S. companies and government entities through cyber operations, including spear phishing and malware attacks.Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson, expressed concern over the ongoing cyber threats, stating,...
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Under Secretary for International Affairs Jay Shambaugh recently held a meeting with Argentina’s Minister of Economy Luis Caputo and Chief of Cabinet Nicolas Posse on the sidelines of the IMF-World Bank Spring Meetings. The meeting focused on the progress made by Argentina in various economic aspects.During the meeting, it was highlighted that "impressive progress" had been made towards reducing inflation and foreign exchange accumulation. Moreover, there was an emphasis on the importance of continuing efforts to protect the most vulnerable segments of society during what...
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Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian MilitaryThe Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions on multiple entities, individuals, and vessels involved in facilitating the clandestine sale of Iranian unmanned aerial vehicles (UAVs) for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL). These actions are part of efforts to combat those financing Iran's destabilizing activities.Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson stated, “Iran’s Ministry of Defense continues to destabilize the region and world with its...
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U.S. Deputy Secretary of the Treasury Wally Adeyemo addressed the Treasury Advisory Committee for Racial Equity in Philadelphia, thanking members for their dedication to advancing economic and racial equity. He expressed gratitude to former Philadelphia Mayor Michael Nutter and current Mayor Cherelle Parker for their contributions to the committee.Acknowledging the progress made in the American economy over the past four years, Adeyemo emphasized the importance of addressing economic disparities by race and ensuring that Treasury programs increase economic opportunity for...
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The U.S. Department of the Treasury has released a report revealing that the recovery from the economic harm caused by the COVID-19 pandemic was the most equitable in recent history
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The U.S. Department of the Treasury has released a report card detailing the implementation of federal investments in entrepreneurs and small businesses, including those in President Biden's American Rescue Plan.
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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.
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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.
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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.