WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Burma’s Ministry of Defense and two regime-controlled financial institutions that facilitate much of the foreign currency exchange within Burma and enable transactions between the military regime and foreign markets, including for the purchase and import of arms and related materiel. […]
Category Archives: U.S. Treasury
Detailed Press Guidance for Secretary of the Treasury Janet L. Yellen’s Travel to Paris France
WASHINGTON – Secretary of the Treasury Janet L. Yellen will travel to Paris, France to lead the U.S. delegation to the Summit for a New Global Financing Pact and hold related meetings on June 22 and June 23. While in Paris, Secretary Yellen will further partnerships with emerging and developing economies to strengthen the world […]
Treasury Sanctions Two South Sudanese Officials Responsible for Conflict-Related Sexual Violence
WASHINGTON — Today, following the International Day for the Elimination of Sexual Violence in Conflict, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two South Sudanese individuals involved in conflict-related sexual violence (CRSV) in South Sudan. The two individuals designated today have abused their positions of political and military authority […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Black Economic Alliance
As Prepared for Delivery Thank you so much, Sam, for inviting me to address the Black Economic Alliance’s board today. You have been an incredible partner to the Biden-Harris Administration as BEA’s President, serving as a sounding board for our proposals to advance racial equity, a thought partner who has brought new ideas to the […]
On Juneteenth, Treasury Department Releases Fact Sheet Detailing Investments in Black Communities
Efforts by the Treasury Department aim to address barriers experienced by underserved households, businesses, and neighborhoods and to foster an economy that unleashes the economic potential of all Americans WASHINGTON – Today, to commemorate the Juneteenth holiday, the U.S. Department of the Treasury released a fact sheet detailing actions the Department has taken and their […]
Acting Comptroller Discusses Tokenization, Artificial Intelligence
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the benefits and risks of tokenization and artificial intelligence (AI) in remarks at the American Bankers Association’s Risk and Compliance Conference in San Antonio. In his remarks, the Acting Comptroller discussed how risk and compliance can facilitate responsible innovation in AI and tokenization, and the […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo and Treasury’s Counselor for Racial Equity Bowdler Hold a Roundtable Discussion with California Financial Institutions Serving Low-Income and Minority Communities
LOS ANGELES – Today, Deputy Secretary of the Treasury Wally Adeyemo and Counselor for Racial Equity Janis Bowdler attended a roundtable discussion with Emergency Capital Investment Program (ECIP) recipients hosted by the University of California Investment Office (UC Investments). ECIP provides an incentive for participating institutions to make qualified loans in minority, rural, and urban […]
READOUT: Financial Stability Oversight Council Meeting on June 16, 2023
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session at the U.S. Department of the Treasury (Treasury). During the meeting, the Council received updates from staff of the Board of Governors of the Federal Reserve System (Federal Reserve Board) on […]
Treasury Sanctions Mexico-based Transnational Human Smuggling Organization
Sanctions Coordinated with Government of Mexico WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Hernandez Salas transnational criminal organization (TCO), a human smuggling organization based in Mexicali, Mexico, as well as several members and entities in its support network. The practice of human smuggling […]
READOUT: Treasury Office of State and Local Finance Convenes Discussion on IRA Implementation
WASHINGTON – This week the Department of the Treasury’s Office of State and Local Finance held the second convening of its Summer Series on Resources for the State and Local Government Climate Transition. These monthly virtual convenings focus on climate-oriented tools and resources for the municipal sector and will include presentations from federal agencies, industry […]