WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two business associates of a sanctioned al-Qa’ida financial facilitator and external operations plotter. The two individuals designated today are Mohamad Irshad Mohamad Haris Nizar and Musab Turkmen, who conducted businesses activities to assist Ahmed Luqman Talib (Talib), who was […]
Category Archives: U.S. Treasury
Treasury Targets Major Arms Broker for Burma’s Military Regime
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated pursuant to Executive Order (E.O.) 14014 one individual and one entity that facilitate weapons purchases for Burma’s military regime. This action, which is in conjunction with newly issued European Union sanctions, marks the second anniversary of the last general […]
Treasury Designates DPRK Weapons Representatives
Tornado Cash Redesignated with Additional DPRK Authorities, New OFAC Guidance WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating two individuals for engaging in transportation and procurement activities on behalf of the Democratic People’s Republic of Korea (DPRK). These individuals have acted on behalf of Air Koryo, […]
Treasury Designates Members of ISIS Cell in South Africa
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four members of an Islamic State of Iraq and Syria (ISIS) cell operating in South Africa who have provided technical, financial, or material support to the terrorist group. Treasury also designated eight companies owned, controlled, or directed by the […]
U.S. Departments of the Treasury and State, and South African President Cyril Ramaphosa Announce Endorsement of the South Africa Just Energy Transition Partnership Investment Plan
Sharm El-Sheikh, Egypt – The U.S. Department of the Treasury, together with the Special Presidential Envoy for Climate John Kerry, joined President Cyril Ramaphosa of South Africa at COP27 to announce the endorsement of the South Africa Just Energy Transition Partnership (JETP) Investment Plan. One year ago at COP26, the International Partners Group, comprised of […]
READOUT: Stakeholder Roundtable on Clean Vehicles and the Inflation Reduction Act
WASHINGTON, D.C. — Today, the Treasury Department hosted a virtual roundtable with key stakeholders from across the automotive industry, including two dozen of the largest carmakers and vehicle battery makers, on implementation of the clean vehicle tax incentives in the Inflation Reduction Act. The roundtable was led by Treasury Assistant Secretary for Tax Policy Lily […]
READOUT: Financial Stability Oversight Council Meeting on November 4, 2022
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference. During the meeting, the Council heard a presentation from Federal Reserve Bank of New York staff on recent market developments and financial system vulnerabilities. The Council also received an […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo Chairs Meeting with Financial and Banking Infrastructure Committee
WASHINGTON — U.S. Deputy Secretary of the Treasury Wally Adeyemo chaired a meeting today with members of the Financial and Banking Information Infrastructure Committee (FBIIC) to discuss the group’s collective and individual cybersecurity efforts. The Deputy Secretary recognized the agencies’ work to monitor and harden its cyber defenses at a time of increased threats due to […]
Treasury Sanctions Corrupt Haitian Politicians for Narcotics Trafficking
Bilateral Action Taken with Government of Canada Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), along with the Government of Canada, designated Haitian nationals Joseph Lambert (Lambert) and Youri Latortue (Latortue) pursuant to Executive Order 14059 of December 15, 2021, “Imposing Sanctions on Foreign Persons Involved in the […]
Media Advisory – Secretary Yellen to Travel to India and Indonesia
Secretary Yellen will attend the U.S-India Economic and Financial Partnership in New Delhi, and the G20 Joint Finance and Health Ministers’ Meeting and G20 Leaders’ Summit in Bali WASHINGTON — Secretary of the Treasury Janet L. Yellen will travel to New Delhi, India to participate in the U.S.-India Economic and Financial Partnership on November 11. […]