WASHINGTON – On Tuesday, February 20, the Terrorist Financing Targeting Center (TFTC) hosted a capacity building workshop in Riyadh, Saudi Arabia on terrorist financing concerns linked to maritime security. The workshop aimed to continue TFTC’s efforts on sharing risks and building partners’ collective understanding of emerging maritime threats, sharing experiences of how different governments have […]
Category Archives: U.S. Treasury
READOUT: Regional Banking Roundtable on Countering Russian Sanctions Evasion
WASHINGTON – Today, as part of Treasury’s efforts to combat Russian sanctions and export controls circumvention both domestically and abroad, Acting Assistant Secretary of the Treasury for Terrorist Financing Anna Morris chaired a roundtable with U.S. regional financial institutions who may have higher exposure to financing and payments for U.S. exports of sensitive goods. Treasury […]
Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Commissioner for Economic Development, Tourism, Trade, Industry, Mining, Albert M. Muchanga of the African Union Commission
As Prepared for Delivery Commissioner Muchanga, it is a pleasure to meet with you. When I met with the President of Comoros in his role as the Chair of the African Union last year, we discussed the proposed permanent membership of the African Union in the G20, which President Biden strongly supported. I was very […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Finance Fernando Haddad of Brazil
SÃO PAULO – Today, Secretary of the Treasury Janet L. Yellen held a virtual bilateral meeting today with Brazilian Minister of Finance Fernando Haddad on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting in São Paulo, Brazil. They discussed the strong bilateral relationship and explored opportunities to cooperate on our shared goals of inclusive […]
Remarks by Secretary of the Treasury Janet L. Yellen at an American Chamber of Commerce Event in São Paulo, Brazil
As Prepared for Delivery Good morning. Thank you to the American Chamber of Commerce and to President Neto for hosting this event. Minister Silva – Thank you for joining me. You’ve spent your career leading on climate, and I’m glad to we have the chance to discuss with those here the strength of the economic […]
Treasury Targets Vessel Shipping Iranian Commodities Valued at over $100 Million for Iran’s Ministry of Defense
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against two companies registered in Hong Kong and the Marshall Islands that own and operate a vessel, the Panama-flagged KOHANA, shipping over $100 million in Iranian commodities to businesses in the People’s Republic of China (PRC) on behalf […]
READOUT: U.S. Department of the Treasury Hosts Roundtable with Consumer and Climate Groups on Climate-Related Risks and U.S. Insurance Markets
WASHINGTON – Today, the U.S. Department of the Treasury hosted a roundtable discussion with experts and representatives from climate and consumer groups to discuss how the increased risks from climate change are affecting U.S. insurance markets. Under Secretary for Domestic Finance Nellie Liang, Climate Counselor Ethan Zindler, and other senior Treasury officials, led discussions on climate change and its […]
Ted Dowd Named Acting Senior Deputy Comptroller and Chief Counsel
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced that Ted Dowd will serve as Acting Senior Deputy Comptroller and Chief Counsel, effective April 8, 2024. Mr. Dowd will serve in this position while the agency initiates a search for a successor to Ben McDonough, who will be taking a position at another […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Council on Foreign Relations
As Prepared for Delivery Thank you, Mike, for having me here today. While I wish I were here under different circumstances, tomorrow, as you all know, marks the second anniversary of Russia’s illegal invasion of Ukraine. As the war stretches on, skeptics see Ukraine’s endurance as a denial of reality, rather than a show of […]
New U.S. Department of the Treasury Price Cap Analysis Shows That Increased Sanctions Enforcement Is Forcing Russia to Sell Oil at a Steeper Discount and Limiting Russian Revenue
A range of commentators—including Putin’s own oil czar—have linked the rising discount of Russian energy exports to phase two of the G7+ price cap WASHINGTON – Today, the U.S. Department of the Treasury published a new analysis on the impact of the second phase of the price cap on Russian oil, two years since the […]