News Release 2019-147 | December 12, 2019 Share This Page: Joint Release Federal Deposit Insurance CorporationOffice of Comptroller of the Currency WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) today announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act (CRA) that have not been […]
Category Archives: U.S. Treasury
Comptroller Statement Regarding Joint Proposal to Modernize the Community Reinvestment Act Regulations
News Release 2019-146 | December 12, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today released the following statement regarding the publication of the joint notice of proposed rulemaking to modernize the Community Reinvestment Act (CRA) regulations. Since 1977 the Community Reinvestment Act has steered trillions of dollars into neighborhoods across our country helping […]
U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the OCC’s and FDIC’s proposals to modernize Community Reinvestment Act (CRA) regulations:
“Today’s announcement by the OCC and the FDIC is an important step in improving the CRA and enhancing the ability of banks to deliver services in low- and moderate-income communities consistent with safe and sound operations. Community needs and the banking landscape have changed dramatically since the CRA was passed more than forty years ago, […]
Treasury Sanctions Son of Nicaraguan President Ortega for Money Laundering and Supporting Corruption
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Rafael Antonio Ortega Murillo, son of Nicaraguan President Daniel Ortega, and two companies he owns or controls and uses to finance and launder money for the Ortega regime. OFAC also designated Distribuidor Nicaraguense de Petroleo S.A. (DNP), a company […]
Treasury Designates IRGC-QF Weapon Smuggling Network and Mahan Air General Sales Agents
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated an Iranian shipping network involved in smuggling lethal aid from Iran to Yemen on behalf of the Islamic Revolutionary Guards Corps-Qods Force (IRGC-QF). Last month, the U.S. government seized weapons smuggled on a small boat destined for Yemen. Today’s […]
Treasury Sanctions Individuals for Roles in Atrocities and Other Abuses
Global Magnitsky designations target serious human rights abuse worldwide on International Human Rights Day Washington – Today, on International Human Rights Day, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against 18 individuals located in Burma, Pakistan, Libya, Slovakia, Democratic Republic of the Congo (DRC), and South Sudan […]
OCC Highlights Key Risks for Federal Banking System
News Release 2019-145 | December 9, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported operational, credit, and interest rate risks are among the key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2019. Highlights from the report include: Operational risk is elevated […]
Treasury Sanctions Corruption and Material Support Networks
Global Magnitsky and Venezuela designations target corruption on International Anti-Corruption Day Washington – Corruption is a global problem. It undermines the abilities of governments to adequately care for their citizens; erodes the legal, moral, and ethical fabric of society; and facilitates transnational crime. Today, on International Anti-Corruption Day, the U.S. Department of the Treasury’s Office […]
Secretary Steven Mnuchin and Advisor to the President Ivanka Trump to Participate in the Doha Forum
Washington – U.S. Treasury Secretary Steven T. Mnuchin will travel to the Doha Forum accompanied by Advisor to the President Ivanka Trump. The Forum will take place in Qatar on December 14 and 15, 2019. Secretary Mnuchin and Advisor Trump will participate in the Forum’s programming and meet with government and business leaders regarding key […]
Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in Iraq
Action Also Targets Corrupt Iraqi Millionaire for Bribery Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant to […]