WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Luis Miguel Martinez Morales (Martinez) for his role in corruption in Guatemala wherein he engaged in widespread bribery schemes, including schemes related to government contracts. Martinez is being designated pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global […]
Category Archives: U.S. Treasury
Treasury Imposes Additional Price Cap-Related Sanctions
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing sanctions on three entities and identifying as blocked property three vessels that used Price Cap Coalition services while carrying Russian crude oil above the Coalition-agreed price cap. These sanctions build on Treasury’s previous actions in October and November […]
OCC Issues First and Second Quarter 2024 CRA Evaluation Schedule
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2024. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should […]
Remarks by Secretary of the Treasury Janet L. Yellen at Livent in Bessemer City, North Carolina
As Prepared for Delivery Good afternoon. Thank you, Barbara, for the introduction. I’m glad to be here in North Carolina to discuss the Biden Administration’s investments in manufacturing and to see firsthand here at Livent the impacts that these investments are having. I’ll start with the broader context. Over the past three years, the Biden […]
Treasury Takes Third Action Against CJNG Timeshare Fraud Network Centered in Puerto Vallarta
Treasury Coordinates with Government of Mexico to Further Disrupt CJNG Timeshare Fraud WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three Mexican individuals and 13 Mexican companies. These individuals and companies are linked, directly or indirectly, to timeshare fraud led by the Cartel de Jalisco Nueva Generacion […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Working Dinner with Eurogroup President and Irish Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with Eurogroup President and Irish Minister Paschal Donohoe. Secretary Yellen and Minister Donohoe exchanged views on global economic issues and areas of collaboration and discussed the U.S. and EU’s respective economic relationships with China. Secretary Yellen emphasized the strong cooperation between the U.S. […]
Treasury Targets DPRK’s International Agents and Illicit Cyber Intrusion Group
Australia, Japan, the Republic of Korea, and the United States Sanction DPRK for its November 21 Satellite Launch WASHINGTON — Today, in coordination with foreign partners, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned eight foreign-based Democratic People’s Republic of Korea’s (DPRK) agents that facilitate sanctions evasion, including revenue generation and missile-related […]
Treasury Targets Large Iranian Military Financial Facilitation Networks
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned over 20 individuals and entities for their involvement in financial facilitation networks for the benefit of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and Iranian Armed Forces General Staff (AFGS), and the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). […]
Treasury Sanctions Mixer Used by the DPRK to Launder Stolen Virtual Currency
Mixing services that enable cybercriminals continue to face consequences WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Sinbad.io (Sinbad), a virtual currency mixer that serves as a key money-laundering tool of the OFAC-designated Lazarus Group, a state-sponsored cyber hacking group of the Democratic People’s Republic of Korea (DPRK). […]
New U.S. Department of the Treasury Analysis: Inflation Reduction Act Driving Clean Energy Investment to Underserved Communities, Communities at the Forefront of Fossil Fuel Production
Investments in historical energy communities have grown especially quickly, and most investments are landing in disadvantaged counties WASHINGTON – Today, the U.S. Department of the Treasury published new analysis on the impact of the Inflation Reduction Act in driving clean energy investment to communities that have been underserved and at the forefront of fossil fuel […]