WASHINGTON – From July 24-27, Secretary of the Treasury Janet L. Yellen will travel to Rio de Janeiro to participate in a G20 Finance Ministers and Central Bank Governors Meeting along with bilateral engagements with her counterparts, and events on the margins. Afterwards, on July 27, Secretary Yellen will travel to Belem, Brazil to participate […]
Category Archives: U.S. Treasury
Agencies Request Comment on Anti-Money Laundering/Countering the Financing of Terrorism Proposed Rule
Four federal financial institution regulatory agencies today requested comment on a proposal to update their requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorism (AML/CFT) programs. The amendments are intended to align with changes concurrently proposed by the U.S. Department of the […]
Treasury Sanctions Leader and Primary Member of the Cyber Army of Russia Reborn
The United States exposes the identity of and imposes sanctions on two members of the Russian government-aligned hacktivist group. WASHINGTON — Today, the United States designated Yuliya Vladimirovna Pankratova (Pankratova) and Denis Olegovich Degtyarenko (Degtyarenko), two members of the Russian hacktivist group Cyber Army of Russia Reborn (CARR) for their roles in cyber operations against U.S. critical […]
Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
Five federal regulatory agencies today issued final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions. The guidance advises on policies and procedures that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the […]
OCC Announces Enforcement Actions for July 2024
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]
Treasury Targets Transnational Criminal Organization Smuggling Migrants into the United States
Action Taken in Coordination with Partners in U.S. and Mexico WASHINGTON — Today Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Abdul Karim Conteh Human Smuggling Organization (Karim HSO), a transnational criminal organization (TCO) based in Tijuana, Mexico. Human smuggling is a federal crime in which criminals smuggle noncitizens into the United States, as well as […]
Treasury Maintains Pressure on Houthi Illicit Shipping and Finance Schemes
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating and identifying as blocked property a dozen persons and vessels, respectively, that have played a critical role in financing the Houthis’ destabilizing regional activities as part of the network of Sa’id al-Jamal. Today’s action includes Indonesia-based Malaysian and […]
Acting Comptroller Discusses Trends Reshaping Banking
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Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models
Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer’s principal dwelling. In particular, the rule will implement quality control standards for automated valuation models […]
Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Beneficial Ownership Event with Rep. Joyce Beatty (D-OH) in Columbus, OH
As Prepared for Delivery Good afternoon. I would like to extend my thanks to Representative Beatty and her team for bringing us together today and thank you to everyone here for joining us. I would also like to thank you, Representative Beatty, for your comments during Secretary Yellen’s hearing last week. I am Brian Nelson, […]