ABU DHABI — Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson traveled to the United Arab Emirates from January 30 – February 1, 2023 to continue coordination on illicit finance and other regional issues. Treasury’s Deputy Director of the Office of Foreign Assets Control Bradley Smith was also in attendance. While in the UAE, Under Secretary Nelson met […]
Category Archives: U.S. Treasury
Treasury Welcomes Clear Guidance on Pillar Two Global Minimum Tax, Tax Credit Protections
Guidance Adopted by Consensus of the 142 Countries and Jurisdictions in the OECD/G20 Inclusive Framework Delivers Greater Certainty for U.S. Taxpayers and Protects Key Climate Incentives WASHINGTON – Today, the OECD/G20 Inclusive Framework released a package of technical and administrative guidance that achieves clarity on the global minimum tax on multinational corporations known as Pillar […]
Treasury Targets Global Sanctions Evasion Network Supporting Russia’s Military-Industrial Complex
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed full blocking sanctions against 22 individuals and entities across multiple countries related to a sanctions evasion network supporting Russia’s military-industrial complex. Today’s action, taken pursuant to Executive Order (E.O.) 14024, are part of the U.S. strategy to methodically and […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee January 31, 2023
The Committee convened in a closed session at the Department of the Treasury at 9:30 a.m. All members were present. Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office […]
Treasury Sanctions Officials and Military-Affiliated Cronies in Burma Two Years after Military Coup
Action Taken in Coordination with the United Kingdom, Australia, and Canada WASHINGTON – Today, on the day before the two-year anniversary of the brutal military coup d’état that deposed Burma’s democratically elected government, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating six individuals and three entities connected to Burma’s […]
Readout: Under Secretary of the Treasury Brian Nelson’s Visit to Oman
MUSCAT — Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson traveled to the Sultanate of Oman on January 29th to continue close coordination on countering illicit finance and other economic issues. Under Secretary Nelson met with government officials, including H.E. Sheikh Khalifa al Harthy, Foreign Ministry Under Secretary for Diplomatic […]
Remarks by Treasury Assistant Secretary for International Trade and Development Alexia Latortue at the OECD Community of Practice on Private Finance for Sustainable Development Conference
Today, Assistant Secretary for International Trade and Development Alexia LaTortue delivered keynote remarks on behalf of the U.S. Treasury at the Organisation for Economic Co-operation and Development (OECD) Community of Practice on Private Finance for Sustainable Development Conference on “Stepping Up Private Finance for the Sustainable Development Goals (SDGs).” As prepared for delivery: Thank you […]
Treasury Sanctions Three Fentanyl Traffickers Contributing to the U.S. Opioid Crisis
WASHINGTON – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the leader of a Mexico-based network and two associates pursuant to Executive Order (E.O.) 14059 for procuring precursor chemicals to manufacture and traffic illicit fentanyl and other synthetic drugs to the United States. Today’s action is the result of ongoing […]
Statement from Deputy Secretary of the Treasury Wally Adeyemo on Implementation of Strong Inflation Reduction Act Worker Protections
Today, Deputy Secretary Wally Adeyemo released the following statement on the Inflation Reduction Act’s strong labor protections’ going into effect: “The Biden-Harris Administration is committed to taking steps to make sure clean energy jobs are good-paying jobs and that American workers are ready to take on the opportunities created by the Inflation Reduction Act’s investments. […]
Media Advisory: Under Secretary Brian Nelson to Travel to Oman, United Arab Emirates, and Türkiye
WASHINGTON — Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson will travel the week of January 29 to Muscat, Oman; Abu Dubai and Dubai, United Arab Emirates; and Ankara and Istanbul, Türkiye. At each stop, he will discuss Treasury’s efforts to crack down on Russian attempts to evade the international […]