As prepared for delivery Thank you to Julia and NABE for inviting me to participate in this panel. I will talk today about two topics. First, I will review the recent executive order (EO) on digital assets and Treasury’s work on the future of money and payments. Second, I will describe the President’s Working Group […]
Category Archives: U.S. Treasury
Treasury Sanctions Sudanese Central Reserve Police for Serious Human Rights Abuse
Washington — Today the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the Republic of the Sudan Central Reserve Police (CRP) for serious human rights abuse. The CRP has used excessive force against pro-democracy protesters peacefully demonstrating against the military-led overthrow of the civilian-led transitional government in Sudan. “Since the October […]
Statement by Secretary of the Treasury Janet L. Yellen on SEC Proposal to Enhance and Standardize Climate-Related Disclosures for Investors
WASHINGTON— U.S. Secretary of the Treasury Janet L. Yellen released the following statement on the Securities and Exchange Commission’s (SEC) proposal to enhance and standardize climate-related disclosures for investors: “The SEC’s proposal is an important step to protect investors and strengthen the overall resilience of the financial system. Investors and businesses have for years asked […]
Remarks by Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg at the Association of Certified Anti-Money Laundering Specialists (ACAMS) Hollywood Conference
As prepared for delivery Good morning, everyone. My name is Elizabeth Rosenberg, and I am the Assistant Secretary for Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury. When I was invited to speak late last year, I planned to give a very different speech. But the world has changed in only […]
READOUT: Under Secretary of the Treasury Brian Nelson’s Visit to the Democratic Republic of the Congo
KINSHASA — Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson traveled to Kinshasa, DRC this week as the last stop on his three-country visit to Africa. While in Congo he met with senior officials, including President Felix Tschikedi, to discuss efforts to fight corruption, counter the financing of terrorism, enact systemic AML/CFT […]
Treasury Sanctions Guatemala’s Los Huistas Drug Trafficking Organization with Ties to Mexican Cartels
WASHINGTON – Today, the Office of Foreign Assets Control (OFAC) designated the Los Huistas Drug Trafficking Organization (DTO) and its leaders pursuant to Executive Order (E.O.) 14059 for drug trafficking that threatens the people and security of the United States and Guatemala. The Los Huistas DTO is the dominant criminal structure in the Guatemalan […]
OCC Assesses $60 Million Civil Money Penalty, Issues Cease and Desist Order Against USAA
News Release 2022-25 | March 17, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $60 million civil money penalty against USAA, Federal Savings Bank, for violations of the OCC’s Bank Secrecy Act regulations. The OCC also issued a Cease and Desist Order against the bank based on its […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Consumer Brands Association
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen met virtually today with the Consumer Brands Association, which represents some of the largest multinational package goods companies in the nation, to discuss the state of the American economy, including the Administration’s efforts to address supply chain challenges, and the impact of Russia’s unprovoked invasion […]
Russian Elites, Proxies, and Oligarchs Task Force Ministerial Joint Statement
WASHINGTON – Following the launch meeting of the Russian Elites, Proxies, and Oligarchs (REPO) Task Force, the members from participating countries released the following joint statement “We, the undersigned Finance, Justice, Home Affairs, and Trade Ministers and European Commissioners, jointly commit to prioritizing our resources and working together to take all available legal steps to […]
Treasury Sanctions Alain Goetz and a Network of Companies Involved in the Illicit Gold Trade
Action Highlights U.S. Focus on Illicit Exports of Gold from the Democratic Republic of the Congo WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), sanctioned Alain Goetz, the African Gold Refinery in Uganda, and a network of companies involved in the illicit movement of gold valued at hundreds […]