More Than 120,000 Mainers Eligible to Use Free Tax Filing Tool Next Year Made Possible by President Biden’s Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that Maine will be the latest state to join IRS Direct File for Filing Season 2025. IRS Direct File […]
Category Archives: U.S. Treasury
As Russia Feels Effects of Multilateral Sanctions Campaign, Treasury Takes Further Action Against Russia’s International Supply Chains
One day ahead of Ukrainian Independence Day, Treasury continues implementation of G7 sanctions commitments in support of Ukraine WASHINGTON — Building on the sanctions already imposed on Russia in response to its continued war of aggression against Ukraine, today the U.S. Department of the Treasury and the Department of State targeted nearly 400 individuals and […]
OCC Announces Enforcement Actions for August 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 […]
U.S. Department of the Treasury Announces Wisconsin Will Join IRS Direct File for Filing Season 2025
More than 600,000 Wisconsinites Eligible to Use Free Tax Filing Tool Next Year Made Possible by President Biden’s Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that Wisconsin is the next state to join IRS Direct File for Filing Season 2025. IRS Direct File was […]
Treasury Sanctions Former Haitian President for Drug Trafficking
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the former President of Haiti, Michel Joseph Martelly (Martelly), pursuant to Executive Order (E.O.) 14059 of December 15, 2021, “Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade.” “Today’s action against Martelly emphasizes the significant and […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Minister of Finance Sergii Marchenko of Ukraine
WASHINGTON – Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo held a virtual call with Ukrainian Minister of Finance Sergii Marchenko. Deputy Secretary Adeyemo reaffirmed the Administration’s unwavering support for Ukraine in its fight to defend itself against Russia’s illegal and unprovoked war and preserve its freedom, sovereignty, and territorial integrity. The Deputy Secretary […]
READOUT: Fifth Meeting of the Financial Working Group Between the United States and the People’s Republic of China
BEIJING – The United States and the People’s Republic of China held the fifth meeting of the Financial Working Group (FWG) in Shanghai on August 15-16. Senior officials from the U.S. Department of the Treasury and the People’s Bank of China led the two-day meeting, with participation from other agencies. The meetings began with […]
U.S. Department of the Treasury Announces North Carolina Will Join IRS Direct File for Filing Season 2025
North Carolina to Offer Free Tax Filing Option Next Year Made Possible by President Biden’s Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that North Carolina will be the latest state to join IRS Direct File for Filing Season 2025. IRS Direct File was made […]
Treasury Adds Further Sanctions Targeting Houthi and Hizballah Trade Networks
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned several companies, individuals, and vessels for their involvement in the shipment of Iranian commodities, including oil and liquefied petroleum gas (LPG), to Yemen and the United Arab Emirates (UAE) on behalf of the network of Iran-based, Islamic Revolutionary Guard Corps-Qods […]
Treasury Unveils New CFIUS Enforcement Website to Provide Further Clarity and Transparency Regarding CFIUS Penalties and Other Enforcement Actions
In 2023 and to date in 2024, CFIUS has issued three times more penalties than it had in the previous nearly 50-years since its establishment WASHINGTON — Today, in a continuing evolution and sharpening of the Committee on Foreign Investment in the United States (CFIUS) as a critical national security tool, and in furtherance of […]