LONDON – On February 9-10, U.S. Treasury Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg visited the United Kingdom. While there, she engaged with a wide range of representatives from the private sector on anti-money laundering, countering the financing of terrorism, and sanctions compliance. She also met with government counterparts from HM Treasury, […]
Category Archives: U.S. Treasury
OCC Chief Counsel Discusses Bank Mergers
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READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Iraqi Government Officials
WASHINGTON – U.S. Deputy Secretary of the Treasury Wally Adeyemo met with Deputy Prime Minister and Foreign Minister of Iraq, Fuad Hussein and Central Bank of Iraq Governor Ali al-Allaq to discuss the economic situation in Iraq, the government’s plans for economic and financial sector reforms and a mutual commitment to anti-money laundering and countering […]
Treasury Sanctions Corrupt Elites Across Bulgarian Political Spectrum
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five current or former Bulgarian government officials — Rumen Stoyanov Ovcharov (Ovcharov), Aleksandar Hristov Nikolov (Nikolov), Ivan Kirov Genov (Genov), Nikolay Simeonov Malinov (Malinov), and Vladislav Ivanov Goranov (Goranov) — for their extensive involvement in corruption in Bulgaria. OFAC also […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable with Sanctions Experts
WASHINGTON – Ahead of the one-year anniversary of Russia’s unprovoked war against Ukraine, Deputy Secretary of the Treasury Wally Adeyemo convened a group of experts on sanctions and U.S. foreign policy to discuss the effects and successes of the unprecedented sanctions and export controls imposed on Russia by an international coalition of over 30 countries. […]
Treasury Takes Action Related to Excepted Foreign State and Excepted Real Estate Foreign States
WASHINGTON – Today, the Department of the Treasury announces actions taken by the Committee on Foreign Investment in the United States (CFIUS) related to excepted foreign states (EFS). Specifically, based on their establishment and use of their own robust foreign investment screening programs, CFIUS has determined that New Zealand and the United Kingdom have met […]
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2023
WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s rule that implements the stress testing requirements of the Dodd-Frank Wall Street Reform and Consumer Protection […]
Remarks by Secretary of the Treasury Janet L. Yellen at the Center for Strategic and International Studies
As prepared for delivery Thank you for the introduction, Matt. I’m pleased to be here at CSIS with all of you. Last fall, I issued an urgent call ahead of the World Bank and IMF Annual Meetings — for the evolution of the multilateral development bank system. My reasoning was simple: the world has changed, […]
United States and United Kingdom Sanction Members of Russia-Based Trickbot Cybercrime Gang
The United States and United Kingdom issue historic joint cyber sanctions WASHINGTON — Today, the United States, in coordination with the United Kingdom, is designating seven individuals who are part of the Russia-based cybercrime gang Trickbot. This action represents the very first sanctions of their kind for the U.K., and result from a collaborative partnership […]
Treasury Sanctions Companies Involved in Production, Sale, and Shipment of Iranian Petrochemicals and Petroleum
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned nine entities across multiple jurisdictions that have played a critical role in the production, sale, and shipment of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum to buyers in Asia. Treasury is targeting six Iran-based petrochemical […]