Category Archives: U.S. Treasury

WASHINGTON — Today, President Biden signed an Executive Order (E.O.) terminating the national emergency with respect to Burundi and revoking E.O. 13712, which has authorized sanctions with respect to Burundi since 2015.  As a result, the economic sanctions with respect to Burundi administered by the Department of the Treasury’s Office of Foreign Assets Control (OFAC) […]

RIYADH — Deputy Secretary of the Treasury Wally Adeyemo traveled to Riyadh, Saudi Arabia on November 17. During his visit, the Deputy Secretary met with senior government officials, including Minister of Energy, H.R.H. Abdulaziz bin Salman Al Saud, Minister of Finance, H.E. Mohammed bin Abdullah Al-Jadaan, Assistant Chief of State Security, H.E. Abdullah bin Abdulkarim […]

WASHINGTON – Secretary of the Treasury Janet L. Yellen released a statement today on the impact of the Build Back Better legislation. “The Build Back Better Act will improve the lives of workers, grow our economy, cut taxes for the middle class, and lower costs for families on a wide range of household expenses, such […]

Washington — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six Iranian individuals and one Iranian entity pursuant to Executive Order (E.O.) 13848, “Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election,” for attempting to influence the 2020 U.S. presidential election.   The United States […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating senior Houthi military officer Saleh Mesfer Alshaer, commander of the Houthi-controlled military logistics support organization, whom Houthi-controlled courts have designated as the “judicial custodian” of assets confiscated from opponents of the Houthis.  Alshaer has overseen the Houthis’ seizure […]

As prepared for delivery: Good morning.  It’s a pleasure and honor to be here today.  Having participated in a panel at last year’s conference, I appreciate the opportunity to speak again at this conference in a completely different role, and to share some of Treasury’s current priorities related to debt management and potential Treasury market […]

ABU DHABI — Deputy Secretary of the Treasury Wally Adeyemo traveled to the United Arab Emirates from November 15 – 17 to discuss illicit finance, cybersecurity, the global economic recovery, and Iran. The U.S.-UAE bilateral relationship is critical given the important role the UAE plays in the region and globally, as well as the shared […]

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 […]