LONDON – On October 27-29, Deputy Secretary of the Treasury Adeyemo met with government counterparts in London, United Kingdom, including UK National Security Advisor Sir Tim Barrow, His Majesty’s Treasury Lords Minister Baroness Joanna Penn, His Majesty’s Treasury Director General for International Finance Lindsey Whyte, and Foreign, Commonwealth and Development Office Director General for Economics, […]
Category Archives: U.S. Treasury
FATF Advances Efforts to Counter Money Laundering and Terrorist Financing
PARIS — At its plenary meeting this week, the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering and countering the financing of terrorism, advanced numerous initiatives to strengthen global anti-money laundering and counter-terrorist financing standards. “The United States welcomes the FATF’s work to combat terrorist financing, strengthen asset recovery, protect non-profit […]
Treasury Targets Additional Sources of Support and Financing to Hamas
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a second round of sanctions on key Hamas-linked officials and financial networks following the October 7 barbaric attacks on Israel and its civilian population. Today’s action targets additional assets in Hamas’s investment portfolio and individuals who are facilitating sanctions […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Royal United Services Institute in London, the United Kingdom
As Prepared for Delivery Thank you, Tom, and thank you all for joining me at RUSI today. Three weeks ago, Hamas militants brutally attacked Israel. More and more grisly details continue to trickle out, shocking and horrifying the world anew. But unfortunately, Hamas is not alone in reaching new lows of depravity. It was not […]
New Treasury Department Analysis Finds the U.S. Economy Outpacing Other Advanced Countries on Economic Growth, Labor Market Strength, and Inflation Reduction
WASHINGTON – Today, the U.S. Department of the Treasury released an analysis of data from the IMF’s latest World Economic Outlook and other international sources that shows that the U.S. economy continues to outpace global peers and has exhibited more strength than forecasters anticipated throughout 2023 along three key dimensions: growing economic output, labor market […]
Remarks by Secretary of the Treasury Janet L. Yellen at the 2023 Freedman’s Bank Forum
As Prepared for Delivery John, thank you for that kind introduction. Your advocacy to ensure that the Freedman’s Bank legacy was not forgotten is on full display today and has inspired so many of our efforts. And good afternoon to all of you. My thanks for joining for the Biden Administration’s third Freedman’s Bank Forum. […]
READOUT: First Meeting of the Financial Working Group Between the United States and the People’s Republic of China
WASHINGTON – Following the first meeting of the Economic Working Group on Monday, the United States and the People’s Republic of China today held the first meeting of the Financial Working Group (FWG), which serves as an ongoing channel for both countries to discuss financial policy matters and cooperation on common challenges. The two-hour virtual […]
READOUT: Secretary of the Treasury Janet L. Yellen and National Economic Council Director Lael Brainard Host Roundtable with Corporate and Philanthropic Leaders
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen and National Economic Council Director Lael Brainard hosted a roundtable conversation with corporate and philanthropic partners to discuss how the public, private, and philanthropic sectors are serving as instrumental partners to ensure the economic benefits of President Biden’s Investing in America agenda reach communities […]
Ahead of U.S. Treasury Freedman’s Bank Forum, Biden-Harris Administration Announces New Private Sector Commitments to Invest $3 Billion in Community Lenders Supporting Underserved Small Businesses and Communities
Vice President Harris issues historic call to action for companies in the Investing in America sectors to commit at least 15% of procurement dollars to small and disadvantaged businesses WASHINGTON – Today, ahead of the U.S. Department of the Treasury’s annual Freedman’s Bank Forum, the Economic Opportunity Coalition (EOC) – a group of nearly 30 […]
Acting Comptroller Issues Statements at FDIC Board Meeting on CRA and Climate-Related Financial Risk Management
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued statements at the Federal Deposit Insurance Corporation Board Meeting in support of rulemakings on the Community Reinvestment Act (CRA) and the finalization of interagency principles for climate-related financial risk management for large banks. In his remarks, Mr. Hsu discussed how modernizing and strengthening the CRA […]