WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning a former member of Haiti’s parliament, Prophane Victor, for his role in forming, supporting, and arming gangs and their members that have committed serious human rights abuse in Haiti. OFAC is also designating Luckson Elan, the current leader […]
Category Archives: U.S. Treasury
Remarks by Deputy Secretary of the Treasury Wally Adeyemo on Voluntary Carbon Markets
As Prepared for Delivery Thank you, Annette, for the kind introduction. And let me thank the Global Carbon Market Utility, the Integrity Council for the Voluntary Carbon Market (IC-VCM), and the Voluntary Carbon Markets Integrity Initiative for hosting me and this event today. Over the past three and a half years, the Biden-Harris Administration has […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the 2024 Partnership for Global Infrastructure and Investment Investor Forum
As Prepared for Delivery Thank you to Bloomberg Philanthropies for hosting this second Partnership for Global Infrastructure and Investment (PGII) Investor Forum. I’m glad to be here with World Bank President Ajay Banga, my colleagues Jake Sullivan and Amos Hochstein, and with the business leaders who have helped drive progress on this partnership. Over the […]
G7 Cyber Expert Group Recommends Action to Combat Financial Sector Risks from Quantum Computing
WASHINGTON – The G7 Cyber Expert Group (CEG) – chaired by the U.S. Department of the Treasury and the Bank of England – released a public statement today highlighting the potential cybersecurity risks associated with developments in quantum computing and recommending steps for financial authorities and institutions to take to address those risks. Quantum computers […]
U.S. Department of the Treasury Releases New Data Showing 3.3 Million Small Business Owners and Self-Employed Workers Covered by Affordable Care Act Marketplaces in 2022
Almost 1 in 5 small business owners and self-employed workers ages 21-64 rely on Affordable Care Act Marketplaces for coverage WASHINGTON – Today, the U.S. Department of the Treasury released new analysis showing a total of 3.3 million small business owners and self-employed workers were covered by Affordable Care Act Marketplace coverage in 2022, amounting to 28% of […]
OCC Reports Second Quarter 2024 Bank Trading Revenue
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $15.8 billion in the second quarter of 2024. The second quarter trading revenue was $218 million, or 1.4 percent, more than in the previous quarter and $2.2 billion, or 16.0 percent, more than a […]
U.S. Department of the Treasury, IRS, and Department of Energy Announce Next Steps for 2024 Program Year of Inflation Reduction Act Program for Solar and Wind Energy in Low-Income Communities
2024 program year has received over 50,000 applications to date; 2023 program year resulted in $3.5 billion in clean energy investments from more than 49,000 solar facilities in low-income communities WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS), in partnership with the Department of Energy (DOE), announced that Treasury […]
In Dual Actions, Treasury Sanctions Clan Del Golfo Leadership in Colombia and Businesses Owned by Sinaloa Cartel Fentanyl Traffickers in Mexico
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning five Colombian nationals and two Mexico-based businesses pursuant to Executive Order (E.O.) 14059, “Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade.” The Colombian individuals sanctioned today are leaders within Colombia’s Clan del Golfo (CDG)—also known as […]
Media Advisory: Acting Director for the Office of Foreign Assets Control Lisa Palluconi to Travel to Colombia and Mexico
WASHINGTON – From September 23 to September 27, Acting Director for Treasury’s Office of Foreign Assets Control (OFAC) Lisa Palluconi will travel to Colombia and Mexico to strengthen Treasury’s ties with the sanctions compliance communities. The Biden-Harris Administration’s sanctions authorities, such as Executive Order 14059 signed in December 2021, strengthen Treasury’s ability to combat the […]
READOUT: U.S. Department of the Treasury Hosts Roundtable on Artificial Intelligence in the Insurance Sector
WASHINGTON – Today, the Federal Insurance Office (FIO) at the U.S. Department of the Treasury hosted a roundtable discussion with representatives from the insurance industry, consumer groups, state insurance regulators, academics, and other stakeholders to discuss artificial intelligence (AI) in the insurance sector. Among other issues, the roundtable discussed the growing use of AI by […]