Category Archives: U.S. Treasury

As Prepared for Delivery Executive Vice Presidents Vestager and Dombrovskis, thank you for joining me here at Treasury to discuss areas of mutual interest. I expect our conversation to cover several topics, but our work to deprive Russia of its ability to wage war and our support for Ukraine are of primary importance.    Europe […]

WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo participated in roundtable discussion with business leaders hosted by Business Forward. The Deputy Secretary spoke about how the beneficial ownership information E-Filing system, launched by FinCEN earlier this month, provides a simple, secure, and free way for companies to meet new transparency requirements mandated by the […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three entities and one individual located in Lebanon and Türkiye for providing critical financial support to an Iranian Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hizballah financial network. These entities have generated hundreds of millions of dollars’ worth of […]

The United States Sanctions Burma Military Regime Supporters    WASHINGTON — Today, marking the three-year anniversary of the military coup in Burma, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating two entities closely associated with Burma’s military regime, as well as four cronies, pursuant to Executive Order (E.O.) 14014. OFAC has coordinated this sanctions action to include individuals and entities that were previously designated by Canada’ on October 31, 2023.  […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three entities for their role in undermining the peace, security, and stability of Sudan. These designations signal the continued commitment of the United States to identify and isolate funding sources for both the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF), the two main belligerent parties […]

The Committee convened in a closed session at the Department of the Treasury at 9:00 a.m.  All members were present.  Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Assistant Secretary for Financial Markets Josh Frost, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred […]

WASHINGTON – Treasury Under Secretary for International Affairs Jay Shambaugh met today with Argentine Presidential Chief of Staff Nicolás Posse. They discussed the government’s progress toward the stabilization of the Argentine economy. Under Secretary Shambaugh welcomed the government’s strong reform efforts before the IMF Executive Board’s consideration of the 7th review of Argentina’s Fund program. […]

OFAC Designations Coincide with the Virtual Meetings of the Counter ISIS Finance Group WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two cybersecurity experts affiliated with the Islamic State of Iraq and Syria (ISIS) for providing ISIS leadership and supporters with cybersecurity training, enabling their use of […]

BAGHDAD — On January 28 and 29, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson traveled to Baghdad, Iraq to continue work between the two countries on countering illicit finance and strengthening the Iraqi financial system. While in Baghdad, Under Secretary Nelson met with senior government officials including Prime Minister Mohammed Shiaa […]