As Prepared for Delivery I am pleased to welcome President Hichilema and the Zambian delegation, who are in Washington for the African Leaders Summit. Under President Biden’s new strategy for partnering with Africa, a guiding principle has been that we must engage African leaders and citizens to solve common global challenges. This partnership is particularly […]
Category Archives: U.S. Treasury
Treasury Sanctions Major Drug Trafficker in the Dominican Republic
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Jose Calderon Rijo, a.k.a. “La Araña” (Calderon Rijo), pursuant to Executive Order (E.O.) 14059, for having engaged in, or attempted to engage in, activities or transactions that materially contributed to, or pose a significant risk of materially contributing to, […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the U.S.-Africa Leaders Summit’s African and Diaspora Young Leaders Forum
As Delivered Thank you all so much for joining us today. My name is Wally Adeyemo, and I am the Deputy Secretary of the United States Treasury. I want to thank the President of Ghana for being here today and for his efforts to strengthen the African Diaspora community. The success of Ghana’s Year of […]
Remarks by Assistant Secretary for Economic Policy Ben Harris at the Brookings Institution’s Retirement Security Project Event
As Prepared for Delivery Thank you so much for inviting me to speak on the topic of retirement security and the wellbeing of older Americans. I consider this to be one of the most important issues in public policy—and one that deserves special consideration in the wake of the pandemic. Even before Americans spent their […]
OCC Reports Third Quarter 2022 Bank Trading Revenue
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $12.7 billion in the third quarter of 2022. The third quarter trading revenue was $2.4 billion, or 22.9 percent, more than in the previous quarter and $5.8 billion, or 84.1 percent, more than in […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the U.S. Trade and Development Agency (USTDA) at Thirty Breakfast
As Prepared for Delivery Thank you, Director Ebong and Chair Lewis, for convening this panel this morning. Let me first offer my congratulations to USTDA on its 30-year anniversary. Over the past 30 years, USTDA has grown to be one of the world’s largest project preparation facilities, but remarkably, with an overall budget that is […]
Treasury’s Office of Cybersecurity and Critical Infrastructure Protection Issues Consumer Advisory to Protect Against Cyber Fraud During the Holiday Shopping Season
WASHINGTON – The U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) today released an advisory highlighting tips consumers can take to avoid becoming the victim of cyber or online scams during the holiday season. Since the onset of the COVID pandemic, cyber and fraud scams have significantly increased, and the […]
Treasury Takes Additional Actions in Zimbabwe
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four Zimbabwean individuals and two Zimbabwean entities, and removed seventeen Zimbabweans from the Specially Designated Nationals and Blocked Persons List (SDN List). The Zimbabwe sanctions program targets human rights abusers and those who undermine democratic processes or facilitate corruption. […]
Treasury Sanctions Over 40 Individuals and Entities Across Nine Countries Connected to Corruption and Human Rights Abuse
Sanctions Mark Human Rights Day and International Anti-Corruption Day WASHINGTON – Today the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in recognition of International Anti-Corruption Day and Human Rights Day, is sanctioning a diverse array of over 40 individuals and entities that are connected to corruption or human rights abuse […]
Treasury Targets Serious Human Rights Abuse Aboard Distant Water Fishing Vessels Based in the People’s Republic of China
Over 150 vessels added to SDN List WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two individuals, Li Zhenyu and Xinrong Zhuo, and the networks of entities they control, including Dalian Ocean Fishing Co., Ltd. and Pingtan Marine Enterprise, Ltd. (Nasdaq: PME) along with eight other […]