OCC Hosts Credit Risk and Operational Risk Workshops in New Orleans

News Release 2020-7 | January 27, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency will host two workshops at the Embassy Suites by Hilton in New Orleans, March 3-4, for directors of national community banks and federal savings associations supervised by the OCC. The Credit Risk workshop on March 3 […]

Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with Chancellor of the Exchequer Sajid Javid, of the United Kingdom

London – U.S. Treasury Secretary Steven T. Mnuchin met with Chancellor of the Exchequer Sajid Javid, of the United Kingdom (U.K.). The Secretary and Chancellor underscored the importance of the special relationship between the U.S. and the U.K., and discussed a range of topics including trade, Brexit, international taxes, and sanctions. ####

OCC Issues Notice of Charges Against Five Former Senior Wells Fargo Bank Executives, Announces Settlement With Others

News Release 2020-6 | January 23, 2020 Share This Page: WASHINGTON – The Office of the Comptroller of the Currency (OCC) today issued a notice of charges against five former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, and announced settlements with the bank’s former Chief Executive Officer (CEO) and other members of […]

Treasury Targets International Network Supporting Iran’s Petrochemical and Petroleum Industries

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against four international petrochemical and petroleum companies that have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), an entity instrumental in Iran’s petroleum and petrochemical industries, […]

OCC Fines Citibank More Than $17 Million for Violating the Flood Disaster Protection Act

News Release 2020-5 | January 21, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $17,998,510 civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violating the Flood Disaster Protection Act of 1973 (FDPA) and its implementing regulations. The OCC found the bank engaged in a […]

United States Government Continues Pressure on Former Maduro Regime

  Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified fifteen aircraft as blocked property of Petroleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order (E.O.) 13884, which blocks the property and interests in property of the Government of Venezuela.   Several PdVSA aircraft have been used to transport […]

Secretary Steven T. Mnuchin to Lead U.S. Delegation to attend the 75th Anniversary of the Liberation of Auschwitz

Washington – Today, the Department of Treasury announced the U.S. delegation that will attend the 75th Anniversary of the Liberation of Auschwitz in Poland on January 27, 2020, hosted by the Republic of Poland and the Auschwitz-Birkenau State Museum.  The Honorable Steven T. Mnuchin, Secretary of the Treasury, will lead the delegation, which will include: […]

Secretary Mnuchin Leads Trip to Switzerland, United Kingdom, and Poland

WASHINGTON – The U.S. Department of the Treasury today announced key engagements for Secretary Steven T. Mnuchin’s upcoming trip to Switzerland, the United Kingdom, and Poland. Secretary Mnuchin will lead the U.S. delegation, which includes Secretary of Commerce Wilbur Ross, Secretary of Labor Eugene Scalia, Secretary of Transportation Elaine Chao, United States Trade Representative Robert […]

Statement by Assistant Secretary Billingslea on Dominican Republic Official Visit

SANTA DOMINGO –U.S. Treasury Assistant Secretary Marshall Billingslea issued the below statement following his meeting with President Danilo Medina: I thank President Medina for his hospitality and for a productive series of meetings with him and his financial authorities today.  We discussed a number of global illicit finance threats and identified concrete areas to strengthen […]

Statement from United States Treasury Secretary Steven T. Mnuchin on the Passage of the United States-Mexico-Canada Agreement (USMCA) in the Senate

Washington – The passage of the United States-Canada-Mexico Agreement (USMCA) in the Senate today is a testament to Ambassador Lighthizer and the rest of the U.S. negotiating team’s steadfast commitment to advancing President Trump’s trade agenda. This historic agreement not only modernizes and rebalances our trade relationship with Canada and Mexico, but it promotes economic […]