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 […]
Category Archives: U.S. Treasury
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 […]
OCC Issues Final Rule Addressing Authority for Exemptions to Suspicious Activity Report Requirements
News Release 2022-23 | March 16, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a final rule amending the OCC’s suspicious activity report (SAR) regulations. The rule clarifies the OCC’s authority to issue exemptions from the requirements of those regulations based on a request from a national bank or […]
U.S. Departments of Treasury and Justice Launch Multilateral Russian Oligarch Task Force
Australia, Canada, the European Commission, Germany, Italy, France, Japan, the UK, and US, Agree to Increased Cooperation to Target Russian Assets WASHINGTON – Secretary of the Treasury Janet L. Yellen and Attorney General Merrick B. Garland today met virtually with representatives from Australia, Canada, Germany, France, Italy, Japan, the United Kingdom, and the European […]
Treasury Sanctions Russians Connected to Gross Human Rights Violations and Corrupt Leader of Belarus
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four individuals and one entity pursuant to the Sergei Magnitsky Rule of Law Accountability Act of 2012 (the Russia Magnitsky Act). These Russia Magnitsky Act targets were involved in concealing events surrounding the death of renowned Russian whistleblower Sergei […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Qatari Minister of Finance H.E. Mr. Ali bin Ahmed Al Kuwari
WASHINGTON – Yesterday, U.S. Secretary of the Treasury Janet L. Yellen spoke with Qatari Minister of Finance H.E. Mr. Ali bin Ahmed Al Kuwari. Secretary Yellen congratulated Minister Al Kuwari on the 50th anniversary of U.S.-Qatar diplomatic relations and reiterated the importance of the U.S.-Qatar bilateral relationship, highlighting President Biden’s recent designation of Qatar as […]
READOUT: Under Secretary of the Treasury Brian Nelson’s Visit to Angola
LUANDA — Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson traveled to Luanda, Angola from March 13-15 to discuss ways to strengthen the bilateral partnership, encourage economic growth and attract American investors, and encourage further leadership in the fight against corruption in Angola, the region, and across the African continent. While in Luanda, he met […]
Treasury Targets Russian Individuals and Entities Supporting DPRK Weapons of Mass Destruction and Ballistic Missile Programs
WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned two individuals and three entities for supporting the DPRK’s ongoing development of its weapons of mass destruction (WMD) and ballistic missile programs in violation of multiple United Nations Security Council resolutions (UNSCRs). The DPRK has conducted 11 ballistic missile […]
Treasury Sanctions Kremlin Elites, Leaders, Oligarchs, and Family for Enabling Putin’s War Against Ukraine
Additional Guidance Issued to Prevent Sanctions Evasion and Implement New Executive Order WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new round of sanctions targeting Russian and Kremlin elites, oligarchs, and Russia’s political and national security leaders who have supported Russian President Vladimir Putin’s brutal and […]
Remarks by Secretary of the Treasury Janet L. Yellen on the Anniversary of the American Rescue Plan Act in Denver, Colorado
As prepared for delivery I want to extend my sincerest thanks to Mi Casa Resource Center for having us here today. I just spoke with participants in the small business and workforce programs and I am very impressed with their work. I want to thank Angeles Ortega, Mi Casa’s CEO for hosting us. And my […]