Categories: U.S. Treasury

READOUT: Deputy Secretary Adeyemo Meets with Banking Leaders in United Arab Emirates

DUBAI — Today, Deputy Secretary of the Treasury Wally Adeyemo met with members of the UAE Banks Federation to discuss economic opportunities, money laundering and illicit finance. He shared that a major focus of the Treasury Department is engaging with the financial sector to help counter terrorist and proliferation financing, among other illicit activities. Participants shared their views about the banking sector’s role in the global economic recovery, risks facing the financial sector in the region, and cybersecurity. Finally, Deputy Secretary Adeyemo underscored the need for open communication with the financial sector, as it is critically important to joint efforts to protect the US and international financial systems from abuse.

 

###

IR Press

Share
Published by
IR Press

Recent Posts

Treasury Targets Sanctions Evaders Supporting Key Hizballah Financial Advisor

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

1 day ago

Acting Senior Deputy Comptroller and Chief Counsel Testifies on Bank Mergers

WASHINGTON—Acting Senior Deputy Comptroller and Chief Counsel Ted Dowd today testified on the Office of…

2 days ago

Minutes of the Meeting of the Treasury Borrowing Advisory Committee April 30, 2024

The Committee convened in a closed session at the Department of the Treasury at 9:00…

2 days ago

U.S. Continues to Degrade Russia’s Military-Industrial Base and Target Third-Country Support with Nearly 300 New Sanctions

WASHINGTON — Today, the Department of the Treasury is taking action to further degrade Russia’s…

2 days ago

Report on Foreign Portfolio Holdings of U.S. Securities at End-June 2023

WASHINGTON – The final results from the annual survey of foreign portfolio holdings of U.S. securities at…

3 days ago