Category Archives: U.S. Treasury

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Wilder Emilio Sanchez Farfan and Miguel Angel Valdez Ruiz pursuant to Executive Order (E.O.) 14059 for materially contributing to the illicit activities of major Mexican cartels to traffic cocaine into the United States. Today’s action is the result of […]

WASHINGTON — The U.S. Department of the Treasury, in consultation with the U.S. Department of Justice and the Federal Trade Commission, released a new report today on competition in the markets for beer, wine, and spirits. While commending the proliferation of new firms over the last several decades, the report also details challenges to the […]

As prepared for delivery Thank you, Gene, and thank you all for coming – and, more importantly, thank you for the work you’re doing to make sure these tax credits actually reach the people they’re intended to help. I especially want to thank Vice President Harris. We would not be here today without her work. […]

As prepared for delivery Chairwoman Waters, Ranking Member McHenry, and other members of the Committee, thank you for the opportunity to testify this morning on stablecoins.  Stablecoins are part of an emerging set of digital assets, activities, and services that could have profound implications for the U.S. financial system and economy. Treasury supports responsible innovation […]

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 […]