WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the former President of Haiti, Michel Joseph Martelly (Martelly), pursuant to Executive Order (E.O.) 14059 of December 15, 2021, “Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade.” “Today’s action against Martelly emphasizes the significant and […]
Category Archives: U.S. Treasury
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Minister of Finance Sergii Marchenko of Ukraine
WASHINGTON – Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo held a virtual call with Ukrainian Minister of Finance Sergii Marchenko. Deputy Secretary Adeyemo reaffirmed the Administration’s unwavering support for Ukraine in its fight to defend itself against Russia’s illegal and unprovoked war and preserve its freedom, sovereignty, and territorial integrity. The Deputy Secretary […]
READOUT: Fifth Meeting of the Financial Working Group Between the United States and the People’s Republic of China
BEIJING – The United States and the People’s Republic of China held the fifth meeting of the Financial Working Group (FWG) in Shanghai on August 15-16. Senior officials from the U.S. Department of the Treasury and the People’s Bank of China led the two-day meeting, with participation from other agencies. The meetings began with […]
U.S. Department of the Treasury Announces North Carolina Will Join IRS Direct File for Filing Season 2025
North Carolina to Offer Free Tax Filing Option Next Year Made Possible by President Biden’s Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that North Carolina will be the latest state to join IRS Direct File for Filing Season 2025. IRS Direct File was made […]
Treasury Adds Further Sanctions Targeting Houthi and Hizballah Trade Networks
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned several companies, individuals, and vessels for their involvement in the shipment of Iranian commodities, including oil and liquefied petroleum gas (LPG), to Yemen and the United Arab Emirates (UAE) on behalf of the network of Iran-based, Islamic Revolutionary Guard Corps-Qods […]
Treasury Unveils New CFIUS Enforcement Website to Provide Further Clarity and Transparency Regarding CFIUS Penalties and Other Enforcement Actions
In 2023 and to date in 2024, CFIUS has issued three times more penalties than it had in the previous nearly 50-years since its establishment WASHINGTON — Today, in a continuing evolution and sharpening of the Committee on Foreign Investment in the United States (CFIUS) as a critical national security tool, and in furtherance of […]
U.S. Department of the Treasury Announces Connecticut Will Join IRS Direct File for Filing Season 2025
At least 290,000 Connecticut taxpayers will be eligible to use the free tax filing option made possible by President Biden’s Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that Connecticut will be the latest state to join IRS Direct File for Filing Season 2025. […]
Treasury Tightens Sanctions on Belarus’s Military Support to Russia and Lukashenka Regime
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against 19 individuals, 14 entities, and one aircraft pursuant to Belarus-related Executive Order (E.O.) 14038. This action targets persons involved in supporting Russia’s war in Ukraine through military resource production and transshipment of goods to Russia, sanctions […]
OCC Allows National Banks and Federal Savings Associations in Areas Affected by Hurricane Debby 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 Maryland, North Carolina, South Carolina, Virginia, and Washington, D.C. affected by Hurricane Debby. In issuing the proclamation, the OCC expects that only […]
Treasury’s FinCEN Launches Nationwide Public Service Announcements to Inform Business Owners about Beneficial Ownership Reporting Requirements
Radio and TV PSAs Boost Ongoing Outreach and Education Campaign Business Owners Can Visit Fincen.gov/BOI for More Information on Filing WASHINGTON – Today, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced the launch of a public service announcement (PSA) campaign as part of its ongoing efforts to educate the small business community about […]