As Prepared for Delivery Thank you, Wally, for that kind introduction.I am happy to welcome fellow ministers from 10 African countries to the Treasury for what I believe is the first dinner of its kind in Treasury’s history. I hope that this will not be the only time we do this. When President Biden decided […]
Category Archives: U.S. Treasury
Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Association of Certified Anti-Money Laundering Specialists
As Prepared for Delivery Thank you, Justine, for that warm introduction. It’s the fall meetings of the World Bank and IMF in Washington this week, so I apologize that I cannot join you in person for what promises to be a productive conference, but I appreciate the opportunity to speak with you virtually. In my […]
Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Indian Minister of Finance Nirmala Sitharaman
As Prepared for Delivery Finance Minister Sitharaman, I am pleased to welcome you back to the Treasury Department today. The U.S.-India relationship is critical to addressing the world’s most important global economic challenges. I am glad to announce today that in November ahead of the G20 meetings, I will take my first trip to India as Treasury Secretary, to attend the U.S-India Economic and Financial Partnership, our ninth Partnership […]
Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Ukraine Minister of Finance Sergii Marchenko
As Prepared for Delivery Thank you, Minister Marchenko for coming to DC while Ukraine continues to defend its sovereignty against Russia’s brutal war of aggression—including Putin’s horrific missile attacks yesterday that injured and took the lives of innocent civilians. I want to offer our deepest condolences to the people of Ukraine, and especially those whose […]
Treasury Announces Eleven Additional States to Receive up to $1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan
Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah Approved to Receive Federal Funding Through the State Small Business Credit Initiative WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of 11 additional state plans for up to $1 billion in funding under the State Small Business […]
Treasury Announces Two Enforcement Actions for over $24M and $29M Against Virtual Currency Exchange Bittrex, Inc.
Enforcement Actions by OFAC and FinCEN for Apparent Violations of Sanctions and Anti-Money Laundering Obligations WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) announced settlements for over $24 million and $29 million, respectively, with Bittrex, Inc. (Bittrex), a virtual currency exchange based in […]
Schedule for Secretary of the Treasury Janet L. Yellen and Deputy Secretary of the Treasury Wally Adeyemo at the 2022 Annual Meetings of the IMF and World Bank
WASHINGTON —Secretary of the Treasury Janet L. Yellen and Deputy Secretary of the Treasury Wally Adeyemo will represent the United States in the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) and participate in official events on the margins of the Annual Meetings from Tuesday, October 11, through […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting Indonesian Finance Minister Sri Mulyani Indrawati
WASHINGTON — Today, Secretary of the Treasury Janet L. Yellen met with Finance Minister of Indonesia Sri Mulyani Indrawati on the sidelines of the Annual Meetings of the IMF and World Bank. Secretary Yellen congratulated Minister Sri Mulyani for her adept management of Indonesia’s G20 presidency this year, and commended Indonesia’s leadership in securing broad […]
Treasury’s Federal Insurance Office Releases Annual Report on the Insurance Industry and Request for Information on Potential Federal Insurance Response to Catastrophic Cyber Incidents
WASHINGTON – The U.S. Department of the Treasury’s Federal Insurance Office (FIO) last week released its Annual Report on the Insurance Industry. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), FIO must report annually to the President and Congress on the state of the insurance industry and any other information deemed […]
Treasury Targets North Korean Fuel Procurement Network
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two individuals and three entities for activities related to the exportation of petroleum to the Democratic People’s Republic of Korea (DPRK), which directly supports the development of DPRK weapons programs and its military. This action highlights the U.S. Government’s […]