WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning five Mexican individuals associated with the Gulf Cartel, one of Mexico’s most dangerous criminal organizations. Those designated today are tied to the Gulf Cartel’s involvement in criminal activities associated with illegal, unreported, and unregulated (IUU) fishing, human smuggling, […]
Category Archives: U.S. Treasury
READOUT: Treasury Hosts Third Annual Conference on the Work of the Committee on Foreign Investment in the United States
WASHINGTON – On November 19, 2024, the Treasury Department hosted the third annual conference on the Committee on Foreign Investment in the United States (CFIUS) in Washington, DC. The conference featured speakers from each of the CFIUS member departments and agencies as well as other departments and agencies involved in the CFIUS process. The conference […]
U.S. Department of the Treasury Releases New Report Showing State Small Business Credit Initiative Has Supported $3.1 Billion in New Financing for Small Businesses
The State Small Business Credit Initiative reached over 3,600 small businesses in the first two years of the program. The nearly 3,900 loan and investment transactions are expected to help create or retain over 46,200 jobs. WASHINGTON – The U.S. Department of the Treasury (Treasury) released a new report summarizing data from the State […]
OCC Announces Enforcement Actions for November 2024
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]
U.S. Secretary of the Treasury Janet L. Yellen to Announce $76 Million in Funding for Community Lenders as Part of 30th Anniversary Celebration of the Community Development Financial Institutions Fund
WASHINGTON – Today, as part of the 30th anniversary celebration of the Community Development Financial Institutions (CDFI) Fund, U.S. Secretary of the Treasury Janet L. Yellen is announcing $76 million in Technical Assistance (TA) awards for 256 CDFIs to build their capacity to provide financial products and services to low-income and underserved people and communities […]
Remarks by Secretary of the Treasury Janet L. Yellen on the 30th Anniversary of the Community Development Financial Institution Fund
As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today to mark the recent 30th anniversary of the establishment of the Community Development Financial Institutions Fund. President Clinton and I have a long-standing shared belief that increasing access to economic opportunity for people and places that historically have been […]
Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System
Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues alert warning of risks of joining Russia’s System for Transfer of Financial Messages WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took another major step in implementing commitments made by G7 leaders to […]
Acting Comptroller Testifies on State of the Federal Banking System
WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system before the Committee on Financial Services of the U.S. House of Representatives. In his testimony, he discussed the importance of safeguarding trust in banking and the OCC’s work to promote and support a diverse and dynamic banking system. Mr. Hsu […]
Treasury Targets Fentanyl Traffickers and Other Key Contributors to U.S. Opioid Crisis
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network of nine Mexican nationals involved in fentanyl, heroin, and other deadly drug trafficking and money laundering. Individuals designated in this network also engage in human smuggling in furtherance of their drug trafficking activities. Additionally, as members of the […]
Treasury Targets Key Hamas Leaders and Financiers
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating six senior Hamas officials, including the terrorist group’s representatives abroad, a senior member of the Hamas military wing, the Izz Al-Din Al-Qassam Brigades, as well as individuals involved in supporting the terrorist group’s fundraising efforts and weapons smuggling […]