Treasury Announces 2022 National Illicit Finance Strategy

Strategy Provides Roadmap to Close Loopholes Exploited by Criminals and Illicit Actors Recommendations Include Increasing Transparency, Leveraging Partnerships, and Addressing Technological Risks WASHINGTON – Today, the U.S. Department of the Treasury issued the 2022 National Strategy for Combatting Terrorist and Other Illicit Financing (2022 Strategy), which identifies measures to increase transparency in the U.S. financial […]

Acting Comptroller Discusses Expanding Diversity and Inclusion, Minority Homeownership

News Release 2022-51 | May 12, 2022 Share This Page: WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currrency’s efforts to reduce barriers to homeownership and promote financial inclusion in remarks at the Asian Real Estate Association of America Diversity and Fair Housing Summit. The […]

Statement for the United States by Andy Baukol Performing the Duties of Under Secretary for International Affairs U.S. Department of the Treasury

31th Annual Meeting of the Board of GovernorsEuropean Bank for Reconstruction and Development May 12, 2022 On behalf of the United States, I would like to thank the people and government of Morocco for their warm hospitality in hosting these meetings.  We are pleased that we are once again able to come together in person, […]

Remarks by Under Secretary for Domestic Finance Nellie Liang at the Federal Reserve Bank of Atlanta

WASHINGTON – U.S. Undersecretary of the Treasury for Domestic Finance Nellie Liang made the following remarks during a panel discussion at the Federal Reserve Bank of Atlanta’s Financial Markets Conference. As Prepared for Delivery Thank you for the invitation to moderate this opening panel on “Which CBDC, if any, is right for the United States?”. […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Vietnamese Prime Minister Pham Minh Chinh

WASHINGTON – Yesterday, U.S. Secretary of the Treasury Janet L. Yellen met with Vietnamese Prime Minister Pham Minh Chinh and his delegation.  Secretary Yellen affirmed the United States’ commitment to a strong economic relationship with Vietnam, and discussed shared policy objectives with the Prime Minister, including securing a strong and inclusive economic recovery, combatting climate […]

Agencies Release Revised Interagency Questions and Answers Regarding Flood Insurance

News Release 2022-50 | May 11, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Five federal regulatory agencies today jointly issued revised questions and answers (Q&As) regarding federal flood insurance law and the agencies’ implementing regulations. […]

Remarks by Secretary of the Treasury Janet L. Yellen at the Atlantic Council’s Distinguished Leadership Awards

As Prepared for Delivery I am deeply honored to present the Distinguished Leadership Award to my friend and long-time colleague, a gifted economist and a tireless civil servant—the Prime Minister of Italy, Mario Draghi. I really got to know Mario over dozens of dinners at the Bank for International Settlements during the time that he […]

Acting Comptroller Discusses Bank Mergers

News Release 2022-49 | May 9, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the need to update the framework used to analyze bank merger applications before the Brookings Institution. In his remarks, the Acting Comptroller discussed proposed mergers in the context of bank competition, financial stability, and facilitating the […]

Treasury Designates Facilitation Network Supporting ISIS Members in Syria

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a network of five Islamic State of Iraq and Syria (ISIS) financial facilitators operating across Indonesia, Syria, and Turkey. The five individuals, who are designated today pursuant to Executive Order (E.O.) 13224, as amended, have played a key role […]

U.S. Treasury Takes Sweeping Action Against Russia’s War Efforts

Designations Include Financial Executives, Weapons Manufacturer, and State-Controlled Television Stations New Prohibitions Ban Services Critical to Russia’s Wartime Effort WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated individuals and entities critical to Russia’s ability to wage war against Ukraine. These include the board members of two of […]