WASHINGTON – U.S. Ambassador to Thailand Michael George DeSombre and Minister of Finance Arkom Termpittayapaisith met today to discuss and exchange signed copies of the Framework to Strengthen Infrastructure Finance and Market Building Cooperation, signed by U.S. Treasury Assistant Secretary Mitchell Silk and Permanent Secretary of Finance Prasong Poontaneat of the Government of Thailand on September 22, […]
Category Archives: U.S. Treasury
Financial Action Task Force Adopts New Standards on Proliferation Financing, and advances work on COVID-19 AML/CFT Risks, and Trade-Based Money Laundering
WASHINGTON – The Financial Action Task Force (FATF) concluded its 32nd plenary meeting on Friday, October 23, by agreeing to revise its standards to further strengthen the global response to the financing of proliferation related to weapons of mass destruction. This week’s endorsement of the new standard is a result of an initiative that began […]
Treasury Sanctions Russian Government Research Institution Connected to the Triton Malware
Washington – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated, pursuant to Section 224 of the Countering America’s Adversaries Through Sanctions Act (CAATSA), a Russian government research institution that is connected to the destructive Triton malware. The Triton malware — known also as TRISIS and HatMan in open source reporting […]
Treasury Targets High-Ranking Hizballah Officials
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two members of Hizballah’s Central Council. The Central Council is responsible for identifying and electing the group’s highest decision-making body, the Shura Council, which formulates policy and asserts control over all aspects of Hizballah’s activities, including its military activities. […]
Joint Statement on UK-U.S. Financial Regulatory Working Group Meeting
WASHINGTON – UK and U.S. participants held the third meeting of the UK-U.S. Financial Regulatory Working Group (Working Group) virtually on October 20, 2020. The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability; investor protection; fair, orderly, and efficient markets; and capital […]
Treasury Sanctions Iranian Ambassador to Iraq
Iraj Masjedi, a senior officer in the IRGC-Qods Force, continues to try to destabilize Iraq Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Iraj Masjedi, a general in Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Iran’s Ambassador to Iraq, for acting for or on behalf of […]
Treasury Sanctions Iranian Entities for Attempted Election Interference
WASHINGTON – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five Iranian entities for attempting to influence elections in the United States. The Iranian regime has targeted the United States’ electoral process with brazen attempts to sow discord among the voting populace by spreading disinformation online and executing malign influence […]
Agencies Issue Final Rule to Strengthen Resilience of Large Banks
News Release 2020-138 | October 20, 2020 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 on Tuesday finalized a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding […]
Agencies Finalize Rule to Reduce the Impact of Large Bank Failures
News Release 2020-137 | October 20, 2020 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 finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. The final rule […]
Treasury Designates al-Qa’ida Financial Facilitator
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Australia-based al-Qa’ida-associated facilitator Ahmed Luqman Talib for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Al-Qa’ida. Additionally, OFAC also designated one company, Talib and Sons, for […]