Category Archives: U.S. Treasury

SYDNEY – From March 9-13, Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg traveled to Canberra and Sydney, Australia. While in Australia, she met with government officials, private sector representatives, and independent security experts to discuss regional security issues, developments in the digital assets ecosystem, and other illicit finance issues. Assistant Secretary Rosenberg […]

As Prepared for Delivery Assessing the Twin Goals of the Price Cap A year ago, Russia illegally invaded Ukraine and roiled energy markets. With higher energy prices, Russia was profiting from and funding its own war of choice. This situation was unacceptable.  This situation left the West with a historic economic policy challenge: we needed […]

Two years in, ARP has delivered over 10.3 million payments to renters in need, provided direct aid to more than 30,000 state and local governments, funded projects that will connect over 1.4 million families and businesses to high-speed internet, and launched programs that will aid up to 100,000 small businesses WASHINGTON – Today, to mark […]

SYDNEY – Today, Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg spoke at a roundtable of banks in Sydney, Australia to discuss illicit finance issues. As Prepared for Delivery Good morning, everyone. My name is Elizabeth Rosenberg, and I am the Assistant Secretary for the U.S. Department of the Treasury’s Office of Terrorist […]

LONDON -From March 9 to March 11, U.S. candidate for World Bank President Ajay Banga continued his global listening tour in London, United Kingdom.   On March 9, Banga met with senior British government officials including Chancellor of the Exchequer Jeremy Hunt, and Minister of State for Development and Africa Andrew Mitchell. In those meetings, Banga […]

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference.  During the meeting, the Council heard updates from the Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System (Federal Reserve Board), and U.S. Treasury Department […]

WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg: Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. […]

WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen convened leaders from the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency to discuss developments around Silicon Valley Bank. Secretary Yellen expressed full confidence in banking regulators to take appropriate actions in response and noted that the banking […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a network of five companies and one individual for supporting Iran’s unmanned aerial vehicle (UAV) procurement efforts. This People’s Republic of China-based network is responsible for the sale and shipment of thousands of aerospace components, including components that […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 39 entities constituting a significant “shadow banking” network, one of several multi-jurisdictional illicit finance systems which grant sanctioned Iranian entities, such as Persian Gulf Petrochemical Industry Commercial Co. (PGPICC) and Triliance Petrochemical Co. Ltd. (Triliance), access to the international […]