WASHINGTON – From November 26 – December 1, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson will travel to Muscat, Oman as well as Ankara and Istanbul, Türkiye, to further U.S. efforts to deny Hamas and other terrorist organizations the ability to raise and move funds. He will also discuss […]
Category Archives: U.S. Treasury
Agencies Extend Comment Period on Proposed Rule to Require Large Banks to Maintain Long-term Debt
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Treasury’s Office of Cybersecurity and Critical Infrastructure Protection Issues Consumer Advisory to Protect Against Cyber Scams This Holiday Shopping Season
WASHINGTON – The U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) today released an advisory highlighting tips consumers can take to avoid becoming the victim of cyber or online scams this holiday shopping season. This year the rise of artificial intelligence (AI) has enabled cybercriminals to automate malicious phishing attacks. As […]
READOUT: 2023 APEC Finance Ministers’ Meeting
WASHINGTON – On November 13, Secretary of the Treasury Janet L. Yellen hosted the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting in Francisco, California, as part of the United States’ APEC host year. During the Finance Ministers’ Meeting, Secretary Yellen highlighted that APEC members are at the center of the 21st century global economy, and […]
Treasury Department Announces New Funding to Support Small Businesses in 20 States as Part of the Biden-Harris Administration’s Investing in America Agenda
Following announcement of new grant competition, Treasury Department awards second round of State Small Business Credit Initiative Technical Assistance grants to help small businesses access legal, accounting, and financial counsel WASHINGTON – As part the Biden-Harris Administration’s Investing in America Agenda, the U.S. Department of the Treasury today announced the approval of 20 additional state […]
U.S. Treasury Announces Largest Settlements in History with World’s Largest Virtual Currency Exchange Binance for Violations of U.S. Anti-Money Laundering and Sanctions Laws
FinCEN settlement of $3.4 billion and OFAC settlement of $968 million largest for each IRS – CI investigation leads to Department of Justice action WASHINGTON — The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), has taken unprecedented […]
Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference Announcing New Treasury Action Against Illicit Finance
As Prepared for Delivery Good afternoon. I’m very glad to join Attorney General Garland, Deputy Attorney General Monaco, and CFTC Chairman Behnam for such an important occasion. We’re here today to announce the Treasury Department’s historic action—the largest enforcement action in Treasury’s history—against Binance—the world’s largest virtual currency exchange—for its consistent and egregious violations of […]
Remarks by Assistant Secretary Graham Steele at the Federal Insurance Office and NYU Stern Volatility and Risk Institute Conference on Catastrophic Cyber Risk and a Potential Federal Insurance Response
As Prepared for Delivery Good afternoon. My name is Graham Steele, and I am the Assistant Secretary for Financial Institutions at the Treasury Department. It’s my pleasure to help conclude this Treasury FIO-NYU conference on catastrophic risk and a potential federal insurance response. A number of people are responsible for making today’s event a success. […]
U.S. Department of the Treasury, IRS Propose New Rules to Drive Clean Energy Investments
Guidance to clarify underlying Investment Tax Credit critical for companies planning clean energy projects WASHINGTON —Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) released guidance on the Investment Tax Credit (ITC) under Section 48 of Internal Revenue Code to spur the investment boom ushered in by President Biden’s Inflation Reduction Act. […]
U.S. Treasury Sanctions Iran-Aligned Militias in Iraq
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating six individuals affiliated with the Iran-aligned militia group (IAMG) Kata’ib Hizballah (KH) based in Iraq. Trained, funded, and supported by Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), KH is behind a spate of recent attacks against the United […]