WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Carlos Andres Rivera Varela and Francisco Javier Gudino Haro, who are violent members of the Cartel de Jalisco Nueva Generacion (CJNG). These two individuals have allegedly helped orchestrate assassinations using high-powered weaponry on behalf of CJNG, a Mexico-based organization […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen on International Priorities to The Chicago Council on Global Affairs
America is strongest when we engage with the world. When I was born, the United States was still recovering from the Great Depression and World War II. These tragedies cost countless lives; too many families lost nearly everything. But from the devastation we learned an invaluable lesson: the United States must not go it alone. […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Chilean Minister of Finance Rodrigo Andrés Cerda Norambuena
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Chile’s Finance Minister Rodrigo Andrés Cerda Norambuena. Secretary Yellen emphasized her desire to build on strong U.S.-Chilean relations for continued cooperation in the region. She also outlined the Biden-Harris Administration priorities, including responding effectively to the COVID-19 pandemic, supporting a robust economic recovery, fighting […]
Statement from Deputy Secretary Adeyemo on Leadership Announcement for the Financial Crimes Enforcement Network
For the last few years, Ken Blanco has been one of the most important public servants that you’ve likely never heard of. That’s because Ken has been engaged in the often unseen work of disrupting illicit finance, the funding of crimes and terrorism. Ken has taken important steps to modernize FinCEN, and his effort to […]
OCC Promotes April as National Financial Capability Month
News Release 2021-41 | April 1, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30. Banks promote financial literacy by supporting programs that expand financial […]
Treasury and IRS disburse more Economic Impact Payments under the American Rescue Plan
WASHINGTON — Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they are disbursing several million more payments in the third batch of Economic Impact Payments from the American Rescue Plan. This brings the total disbursed so far to more than 130 million payments worth […]
READOUT: Treasury Deputy Secretary Wally Adeyemo Meeting with Thought Leaders on U.S. Economic and Financial Sanctions
Today, Deputy Secretary Wally Adeyemo kicked off a top to bottom review of U.S. economic and financial sanctions with a meeting of thought leaders, the first in a series of engagements to inform Treasury’s review. During the meeting, Deputy Secretary Adeyemo noted that sanctions remain a potent and valuable tool for policymakers and as programs […]
READOUT: Treasury Deputy Secretary Wally Adeyemo Joined Virtual Consultation with Tribal Leaders
Today, Deputy Secretary Wally Adeyemo met virtually with Tribal leaders during a consultation to discuss the Treasury Department’s distribution of $20 billion in COVID relief funds to tribal governments under the American Rescue Plan Act (ARP). In the meeting of nearly 190 participants, including 20 Tribal Leaders, Deputy Secretary Adeyemo reiterated the importance of the […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Minister of Finance Mohamad Al-Ississ of Jordan
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Jordanian Finance Minister Mohamad Al-Ississ. During the call, Secretary Yellen emphasized the importance of continuing the strong U.S.-Jordan relationship. She conveyed the need to address the daunting challenges of ending the COVID-19 pandemic, supporting the global economic recovery, fighting income inequality, and forcefully addressing […]
FACT SHEET: How An Allocation of International Monetary Fund Special Drawing Rights Will Support Low-Income Countries, the Global Economy, and the United States
The COVID-19 pandemic has taken an extraordinary toll on the global economy and has strained financial liquidity. Global growth contracted 3.5% in 2020—the worst peace-time recession since the Great Depression—and will likely inflict long-term scars on the global economy. The International Monetary Fund (IMF) has warned of a stark divergence in economic growth prospects for […]