WASHINGTON — On October 21, Deputy Secretary of the Treasury Wally Adeyemo met with government counterparts in Singapore, including Deputy Prime Minister and Minister for Finance Lawrence Wong, Minister for Trade and Industry Gan Kim Yong, and Managing Director of the Monetary Authority of Singapore Ravi Menon. The Deputy Secretary also met with business leaders […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen on Innovation in Virginia
As prepared for delivery It’s great to be here at the Virginia Innovation Partnership Corporation. I’m appreciative of Bob and his team for hosting us today. Thank you to Senator Kaine and Congressman Connolly for joining us here, and for their leadership and tireless work to pass the Inflation Reduction Act, the CHIPS Act, and […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the American Chamber of Commerce in Singapore
As Prepared for Delivery Thank you so much for hosting me, and for sharing your thoughts on Singapore’s economy and the broader economic outlook in Asia. This is a complex and pivotal moment for the global economy. The economic situation in my home country remains resilient. Last month, the United States added more than 260,000 […]
FATF Moves Forward in Combating Corruption and Illegal Fentanyl Trafficking, Enhancing Financial Transparency
WASHINGTON – Today the Financial Action Task Force (FATF) concluded its first plenary of the Singaporean presidency. The FATF—the international anti-money laundering and countering the financing of terrorism (AML/CFT) standard-setting body—made several key advances. It agreed to seek public input on draft guidance for implementing the FATF standard on beneficial ownership transparency for legal persons; […]
Treasury Releases CFIUS Enforcement and Penalty Guidelines
WASHINGTON – The Department of the Treasury, as Chair of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”), today released the first-ever CFIUS Enforcement and Penalty Guidelines. CFIUS’s mandate of identifying and mitigating certain national security risks while maintaining the U.S. openness to foreign investment often requires the Committee […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to Thailand
WASHINGTON — Deputy Secretary of the Treasury Wally Adeyemo represented the United States at the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting on Wednesday, October 19 and Thursday, October 20. On the margins of the Ministerial, the Deputy Secretary met with Thai Minister of Finance Arkhom Termpittayapaisith, Philippine Secretary of Finance Benjamin Diokno, Canadian Minister […]
Joint Release by the United States, Australia, Canada, Japan, Korea, and New Zealand on the Occasion of the APEC Finance Ministers Meeting, 19-20 October 2022
“We express our unwavering support for APEC and are fully committed to helping Thailand, as APEC Chair in 2022, deliver a successful host year. We are united in our resolve to ensure peace and stability in our region and to uphold international law, recognizing these are preconditions for the inclusive and sustainable economic growth […]
Treasury Sanctions Russian Military Technology Procurement Network in Coordination with Law Enforcement Action
WASHINGTON – Today, in coordination with the U.S. Department of Justice and the Federal Bureau of Investigation (FBI), the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a Russian network that procured military and sensitive dual-use technologies from U.S. manufacturers and supplied them to Russian end-users. Those designated today are Russian […]
Assistant Secretary Elizabeth Rosenberg’s Visit to Türkiye
WASHINGTON – Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg traveled to Ankara and Istanbul, Türkiye on Monday, October 17 through Wednesday, October 19. She met with government counterparts, including those from the Ministry of Finance and the Ministry of Foreign Affairs, as well as representatives from the private financial and commercial sectors, […]
Treasury Sanctions Transporters At Center of Sinaloa Cartel Poly-Drug Network
OFAC action targets drug trafficking network that rose to prominence transporting drug-laden trucks across the U.S./Mexico border WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Juan Francisco Valenzuela Valenzuela and the Valenzuela Drug Trafficking Organization (“Valenzuela DTO”), among others, pursuant to Executive Order (E.O.) 14059. Originally […]