News Release 2022-11 | February 7, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced its schedule of free, virtual workshops for boards of directors of national community banks and federal savings associations for the first half of 2022. The OCC examiner-led workshops provide practical training and guidance to directors […]
Category Archives: U.S. Treasury
Counterfeit Official Checks of BankUnited, N.A., Miami Lakes, Fla.
Alert 2022-3| February 7, 2022 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
Federal Bank Regulatory Agencies to Host the 2022 National Interagency Community Reinvestment Conference
News Release 2022-10 | February 4, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The three federal bank regulatory agencies and the Federal Reserve Banks of Chicago and San Francisco will host the 2022 National Interagency Community Reinvestment Conference on March […]
Treasury Releases Study on Illicit Finance in the High-Value Art Market
WASHINGTON – Today, the U.S. Department of the Treasury published a study on the facilitation of money laundering and the financing of terrorism through the trade in works of high-value art. This study examined art market participants and sectors of the high-value art market that may present money laundering and terrorist financing risks to the […]
Financial Stability Oversight Council Statement on Nonbank Financial Intermediation February 4, 2022
Nonbank financial institutions (NBFIs) are an essential source of capital in financial markets and provide vital funding to the U.S. economy. In 2016, the Financial Stability Oversight Council (Council) issued a statement describing risks to financial stability that may arise from certain asset management products and activities.[1] The market dislocations of March 2020 demonstrated that […]
Remarks by Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg at the Union of Arab Banks Conference
As prepared for delivery Good afternoon and thank you to the Union of Arab Banks for the invitation to speak with your member institutions today. The UAB has an impressive breadth of membership, and I appreciate the opportunity to address financial experts from across the Middle East and Africa. My name is Elizabeth Rosenberg, and […]
Treasury Sanctions Organization Supporting Majelis Mujahidin Indonesia
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated World Human Care, a non-governmental organization established by the Indonesia-based designated terrorist group Majelis Mujahidin Indonesia (MMI) to provide financial support for MMI extremists in Syria under the guise of humanitarian aid. MMI was designated by the U.S. Department […]
READOUT: Under Secretary of the Treasury Brian Nelson’s Calls with NGOs on Additional Clarity on Operations in Afghanistan
WASHINGTON – Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson spoke with leaders of nongovernmental organizations (NGOs) operating in Afghanistan today to discuss the issuance of new Frequently Asked Questions (FAQs) designed to provide clarity and further facilitate humanitarian aid and commercial activity in Afghanistan. He shared that the FAQs, several […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee February 1, 2022
The Committee convened in a closed session via teleconference at 10:30 a.m. All members were present. Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Nick […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with the National Bankers Association
WASHINGTON — U.S. Deputy Secretary of the Treasury Wally Adeyemo met today with the National Bankers Association (NBA). The Deputy Secretary and the participants discussed the Administration’s investment of $8.7 billion in low- and moderate-income community financial institutions through the Emergency Capital Investment Program (ECIP). The ECIP will increase lending to small and minority-owned businesses, and low- […]