WASHINGTON – Today U.S. Treasury Secretary Janet L. Yellen participated in a conference call hosted by Australian Treasurer Josh Frydenberg with finance ministers of the “Five Eyes Countries” including Australia, New Zealand, the United Kingdom, and the United States. The ministers reviewed the economic response to the COVID-19 pandemic and each country’s medium-term fiscal approaches […]
Category Archives: U.S. Treasury
Treasury Sanctions Current and Former Guatemalan Officials for Engaging in Corrupt Activities
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned one current and one former Guatemalan government official for their roles in corruption in Guatemala. This action targets Gustavo Adolfo Alejos Cambara, the former Chief of Staff for the Alvaro Colom presidential administration, and Felipe Alejos Lorenzana, an elected […]
Statement by Secretary Janet Yellen On the United Kingdom’s Establishment of a Global Anti-Corruption Sanctions Regime
The United States Department of the Treasury welcomes the enactment today of the United Kingdom’s new Global Anti-Corruption Sanctions Regime, which builds upon the success of the United Kingdom’s Global Human Rights Sanctions Regime. This new sanctions regime gives the United Kingdom an authority similar to the United States’ Global Magnitsky program and Canada’s Justice […]
OCC Conditionally Approves Chartering of Paxos National Trust
News Release 2021-49 | April 23, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced preliminary conditional approval of the application to charter Paxos National Trust, New York. The OCC granted a national trust bank charter to Paxos after thorough review of the company and its current operations. In granting […]
READOUT: Deputy Secretary Wally Adeyemo’s Meeting with Americans for Financial Reform
Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with leaders and representatives from Americans for Financial Reform (AFR) and their affiliates to discuss the importance of putting the interests of the American people first in our financial system. AFR is a leading nonprofit advocacy coalition comprised of more than 200 civil rights, consumer, […]
Agencies Invite Comment on Proposed Rule for Income Tax Allocation Agreements
News Release 2021-48 | April 22, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today invited comment on a proposed rule that updates and codifies existing guidance on income tax allocation agreements involving depository institutions and […]
Two Million More Economic Impact Payments Disbursed Under the American Rescue Plan; Total Reaches Approximately 161 million as Payments Continue
WASHINGTON — Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they are disbursing nearly 2 million payments in the sixth batch of Economic Impact Payments from the American Rescue Plan. Today’s announcement brings the total disbursed so far to approximately 161 million payments, with […]
Remarks by Secretary of the Treasury Janet L. Yellen at the Leaders Summit on Climate
Remarks as prepared President Biden, Secretary Kerry, and other distinguished guests, I am honored to join you at today. The global community has only a short time to avoid the most catastrophic effects of climate change: We need a “sprinting start” now if we wish to achieve our goal of net-zero emissions by mid-century. President […]
Treasury Sanctions Key Timber and Pearl Enterprises in Burma
OFAC Action Impacts Military Regime Sources of Revenue WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Burmese state-owned enterprises, Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise (MPE), which are responsible for timber and pearl exports from Burma. The timber and pearl industries are key economic […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable Discussion with Securities Industry and Financial Markets Association Board of Directors
Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with members of the Securities Industry and Financial Markets Association (SIFMA) Board of Directors for a roundtable discussion that addressed the importance of establishing strong public-private partnerships to address the challenges facing Americans. SIFMA is a trade association for broker-dealers, investment banks, and asset managers […]