Category Archives: U.S. Treasury

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 […]

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 […]

FinCEN Identifies Al-Huda Bank as a Primary Money Laundering Concern for Serving as Conduit for Terrorist Financing by Iran OFAC Imposes Sanctions on Bank’s Owner  WASHINGTON – Today, the U.S. Department of the Treasury is using powerful tools to protect the Iraqi and international financial system from abuse by terrorist financiers, fraudsters, and money launderers. […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the United Kingdom are taking joint action against a network of individuals that targeted Iranian dissidents and opposition activists for assassination at the direction of the Iranian regime. The network is led by Iranian narcotics trafficker Naji Ibrahim Sharifi-Zindashti (Zindashti) […]

Introduction Over the past three months, incoming data have remained consistent with a soft landing for the U.S. economy.  Elevated labor force participation and the resolution of pandemic-era supply chain challenges have strengthened our economy’s productive capacity, helping create space for strong economic growth while inflation continues to cool.  Just last week, the Bureau of […]

WASHINGTON – On January 25, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson convened a roundtable with representatives of non-governmental organizations, international organizations, and U.S. government implementers to discuss the designation of Ansarallah (“Houthis”) and the Office of Foreign Assets Control (OFAC) issuance of five additional general licenses.    Under Secretary […]