140,803 Taxpayers Filed Their Taxes Directly with the IRS for Free as users claimed more than $90 million in refunds and saved an estimated $5.6 million in tax preparation fees WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced key data on the performance of the IRS’s Direct […]
Category Archives: U.S. Treasury
Acting Comptroller Issues Statement on the FDIC’s Proposals Related to Change in Bank Control Act
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation’s (FDIC) board meeting concerning the FDIC memorandum and resolution for proposals related to Change in Bank Control Act: I want to thank Directors Chopra and McKernan for these proposals. They shine much needed light on the […]
Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Banking Roundtable in San Juan, Puerto Rico
As Prepared for Delivery Thank you all for coming together today for this important discussion. I am Brian Nelson, the U.S. Treasury’s Under Secretary for Terrorism and Financial Intelligence, or ‘TFI’. The offices I lead, which include the Office of Foreign Assets Control, known as OFAC, the Office of Intelligence and Analysis, or OIA, the […]
U.S. Department of the Treasury, IRS Release Final Rules on Provision to Expand Reach of Clean Energy Tax Credits Through President Biden’s Investing in America Agenda
New Inflation Reduction Act Provision Broadens Access and Boosts Return on Clean Energy Tax Credits Washington, D.C. — As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) today released final rules on transferability, a key Inflation Reduction Act provision that is already expanding […]
Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning over one dozen entities, individuals, and vessels that have played a central role in facilitating and financing the clandestine sale of Iranian unmanned aerial vehicles (UAVs) for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), which itself is […]
OCC Extends Comment Period on Application by Capital One to Acquire Discover Bank
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced an extension of the comment period until 5:00 p.m. EDT on May 31, 2024, for the application of Capital One, National Association, McLean, Virginia, to acquire Discover Bank, Greenwood, Delaware. The extension will allow interested parties more time to provide comments. The application was […]
U.S. Targets West African Hostage Takers
Sanctions Target the Jama’at Nusrat al-Islam wal-Muslimin Terrorist Group WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two leaders of al-Qa’ida-aligned terrorist group Jama’at Nusrat al-Islam wal-Muslimin (JNIM) for hostage-taking of U.S. persons in West Africa. OFAC is designating these individuals pursuant to Executive Order (E.O.) 14078, […]
Treasury Designates Iranian Cyber Actors Targeting U.S. Companies and Government Agencies
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two companies and four individuals involved in malicious cyber activity on behalf of the Iranian Islamic Revolutionary Guard Corps Cyber Electronic Command (IRGC-CEC). These actors targeted more than a dozen U.S. companies and government entities through cyber operations, including […]
G7 Cyber Expert Group Conducts Cross-Border Coordination Exercise in the Financial Sector
WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. The primary objective of the exercise was to strengthen the ability of G7 financial […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Minister of Finance Wale Edun of the Federal Republic of Nigeria
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. Deputy Secretary Adeyemo commended Minister Edun for Nigeria’s important reforms to advance market-oriented economic policies and address inflation. The Deputy Secretary also welcomed Nigeria’s engagement with […]