Category Archives: U.S. Treasury

WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin and Office of Management and Budget (OMB) Acting Director Russell Vought today released the final budget results for FY 2019. The deficit in FY 2019 was $984 billion, $205 billion more than in the prior fiscal year but $16 billion less than forecast in the FY 2020 […]

FinCEN identifies Iran as jurisdiction of primary money laundering concern WASHINGTON – Today, the U.S. Departments of the Treasury and State announced a new humanitarian mechanism to ensure unprecedented transparency into humanitarian trade with Iran.  This mechanism will help the international community perform enhanced due diligence on humanitarian trade to ensure that funds associated with […]

WASHINGTON – On October 23, more than 80 U.S. and Israeli officials gathered together at the U.S. Department of State to participate in the 34th meeting of the U.S. – Israel Joint Economic Development Group (JEDG), the annual economic policy dialogue between the two nations first held in 1985. Both sides expressed satisfaction with the […]

OFAC lifts sanctions on two ministries and three ministers Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed sanctions imposed on the Government of Turkey’s Ministry of National Defence and the Ministry of Energy and Natural Resources, as well as the Minister of National Defence, Minister of Energy […]

Treasury’s Plan to Support Affordable Housing Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to be with you today to discuss the Department of the Treasury’s Housing Reform Plan. Last month, my colleagues and I testified before the Senate Banking Committee after the release of the Plan. The comments and […]

Washington, D.C.  – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement at the Annual Meeting of the Development Committee of the World Bank and International Monetary Fund: I extend warm greetings to the delegates gathered here in Washington, D.C., for the Annual Meetings of the World Bank Group and International Monetary Fund (IMF).  These […]

Washington—This week the Treasury Department convened the first meeting of the Counter-Hizballah International Partnership (CHIP) to build multilateral cooperation for targeting Hizballah’s global financial networks. Over 30 countries representing the Middle East, the Western Hemisphere, Europe, Asia, and Africa participated in this event, which was held on the sidelines of the World Bank/International Monetary Fund […]

Washington, D.C. – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement at the Annual Meetings of the International Monetary Fund and World Bank: I welcome the opportunity to discuss with my counterparts the challenges facing the global economy.  Recent signs of weakness in parts of the global economy underscore the need for countries to use […]

The U.S. commends FATF’s ongoing efforts to protect international financial system  Paris – Today the Financial Action Task Force (FATF) concluded its 31st plenary meeting with a public statement that, among other things, reiterates terrorist financing risks emanating from Iran.  The FATF also clarified guidance on “stablecoins” and adopted virtual assets changes, among other reports related […]