Treasury to solicit public input, feedback on the proposed regulations WASHINGTON – As part of the Biden-Harris Administration’s implementation of the bipartisan Infrastructure Investment and Jobs Act (IIJA), the U.S. Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) today released proposed regulations on the sale and exchange of digital assets by brokers, […]
Category Archives: U.S. Treasury
Agencies to Host Roundtable on Special Purpose Credit Programs
WASHINGTON, D.C.—Four federal agencies will host a roundtable discussion September 12, 2023, at 3:00 p.m. EDT regarding the availability of special purpose credit programs (SPCP) to help meet the credit needs of eligible individuals. The event will be open to the public via livestream. U.S. Department of Housing and Urban Development Secretary Marcia L. Fudge, […]
Treasury Targets Individuals Contributing to Increased Conflict and Instability in the Eastern DRC
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six individuals for contributing to the most recent escalation of conflict in the eastern Democratic Republic of the Congo (DRC). Today’s sanctions reflect the United States’ commitment to advancing efforts toward resolution of the crisis, promoting accountability for human rights […]
READOUT: Deputy Secretary Adeyemo, Treasurer Chief Malerba Visit the Chickahominy Indian Tribe and Meet with Virginia Tribal Leaders
PROVIDENCE FORGE, VA – Today, Deputy Secretary of the Treasury Wally Adeyemo and U.S. Treasurer Chief Lynn Malerba visited the Chickahominy Indian Tribe in Virginia to meet with Tribal leadership and discuss the Biden-Harris Administration’s historic investments in Indian Country. During their visit, Treasury Department leadership toured the Tribal Health Clinic, met with a family […]
Treasury Designates Roman Semenov, Co-Founder of Sanctioned Virtual Currency Mixer Tornado Cash
Concurrent Treasury sanctions and DOJ indictments hold to account founders of mixing service that laundered stolen virtual assets for North Korea WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Roman Semenov, one of three co-founders of the sanctioned virtual currency mixer Tornado Cash, for his role in […]
Treasury Expands Burma-Related Sanctions and Designates Additional Jet Fuel Suppliers in Burma
WASHINGTON — Today, taking note of the Burmese military regime’s violent airstrikes against the people of Burma, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a determination that allows sanctions to be imposed on any foreign individual or entity that operates in the jet fuel sector of the Burmese economy. […]
OCC Allows National Banks and Federal Savings Associations in California, Nevada and Arizona Affected by Tropical Storm Hilary to Close
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas of California, Nevada and Arizona affected by Tropical Storm Hilary. In issuing the proclamation, the OCC expects that only those bank offices directly […]
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by the Hawaii Wildfires
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Hawaii Department of Commerce and Consumer Affairs’ Division of Financial Institutions, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of the recent Hawaii wildfires on the customers […]
OCC Hosts Workshops for Bank Directors and Senior Management in Chicago and San Antonio
WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host workshops in Chicago and San Antonio on September 26-27 for directors, senior management, and other key executives of national community banks and federal savings associations. The Building Blocks: Developing Strong Management workshop, to be held September 26-27 in Chicago, is focused on strategy, people, […]
Treasury Targets Individuals Involved in the Poisoning of Aleksey Navalny
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is once again taking action to hold the Government of Russia accountable for its poisoning of Russian opposition politician Aleksey Navalny (Navalny) three years ago on August 20, 2020. Russian authorities imprisoned Navalny upon his return to Russia in January […]