WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a procurement network responsible for facilitating the illegal export of goods and technology from over two dozen U.S. companies to end-users in Iran, including the Central Bank of Iran (CBI), which is designated for its role in providing financial support […]
Category Archives: U.S. Treasury
Testimony of Under Secretary for Terrorism and Financial Intelligence Brian Nelson Before the Committee on Financial Services, U.S. House of Representatives
As Prepared for Delivery Good morning, Chair and Ranking Member, and distinguished members of the committee. Thank you for the opportunity to speak with you once again. Since I was last here, the Treasury Department’s Office of Terrorism & Financial Intelligence (“TFI”) has made important strides on anti-money laundering and countering the financing of terrorism (“AML/CFT”) […]
Testimony of Director of the Financial Crimes Enforcement Network Andrea Gacki Before the Committee on Financial Services, U.S. House of Representatives
As Prepared for Delivery Chairman McHenry, Ranking Member Waters, and distinguished Members of the Committee — thank you for the opportunity to testify this morning on behalf of the Financial Crimes Enforcement Network, or FinCEN. My name is Andrea Gacki, and I am the Director of FinCEN. This is my first time testifying before the […]
Acting Comptroller Discusses Appraisal Bias
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of eliminating appraisal bias in the financial industry in remarks at an Appraisal Subcommittee (ASC) Hearing. The ASC is a subcommittee of the Federal Financial Institutions Examination Council, of which the Office of the Comptroller of the Currency is a member. In his […]
Remarks by Secretary of the Treasury Janet L. Yellen in Pittsburgh, Pennsylvania
As Prepared for Delivery Thank you. I’m glad to be here in Pittsburgh at West Penn Hospital to talk about how the Biden Administration is lowering costs and getting Americans the health care they deserve. Over the past three years, the Biden Administration has driven the strongest economic comeback of our lifetimes. Our country has […]
Statement from Secretary of the Treasury Janet L. Yellen on Passage of the National Security Supplemental
WASHINGTON – Secretary of the Treasury Janet L. Yellen today released the following statement on the United States Senate’s passage of the National Security Supplemental: “I commend the United States Senate on its passage of the National Security Supplemental, which includes urgently needed military, economic, and humanitarian support for the Ukrainian people in their fight […]
Remarks by U.S. Treasurer Chief Lynn Malerba at the National Congress of American Indians
As Prepared for Delivery Wuykeesuk eeoonooak nuteeooees Soqsqa Mutawi Mutahash, Lynn Malerba, wuchee Moheekanuwak. Kutapatotamawush (thank you) to NCAI Board President Macarro, the entire NCAI Board, and Executive Director Larry Wright for inviting me to speak to this room full of honorable Tribal leaders here with us today. It is a pleasure to provide this […]
READOUT: Treasury Officials Visit Mexico to Further Collaboration on Illicit Finance
MEXICO CITY – U.S. Department of the Treasury officials from two key offices involved in the fight against fentanyl and its financing traveled to Mexico last week to meet with counterparts in the Government of Mexico and representatives of the U.S. and Mexican financial sector. The visit follows Secretary Janet Yellen’s visit to Mexico in […]
U.S. Department of the Treasury, IRS, and Department of Energy Announce Closing of Applications for First Year of Groundbreaking Inflation Reduction Act Program for Solar and Wind Energy in Low-Income Communities
WASHINGTON—Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS), in partnership with the Department of Energy (DOE), announced that DOE will no longer accept new applications for the 2023 program year of the Inflation Reduction Act’s Low-Income Communities Bonus Credit Program after February 29, 2024, at 11:59 PM EST. Applications for the […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Bilateral Meeting with Executive Vice President and Commissioner for Economy Paolo Gentiloni of the European Union
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with European Commissioner for Economy Paolo Gentiloni. They discussed several topics of mutual interest, such as our efforts to deprive Russia of its ability to wage war and support for Ukraine in its defense against Putin’s brutal invasion. Secretary Yellen congratulated the European Union […]