Category Archives: U.S. Treasury

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Venezuelan judge Lorena Carolina Cornielles Ruiz and Venezuelan prosecutor Ramon Antonio Torres Espinoza, the Venezuelan government officials who presided over and prosecuted the November 2020 trial and sentencing of six U.S. persons in Venezuela. The six U.S. persons, known […]

WASHINGTON – Today, the Treasury Department and the Internal Revenue Service will begin delivering a second round of Economic Impact Payments to millions of Americans as part of the implementation of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.  The initial direct deposit payments may begin arriving as early as tonight for some […]

WASHINGTON – The President’s Working Group on Financial Markets (PWG) today released a statement providing an initial assessment of key regulatory and supervisory considerations for participants in significant stablecoin arrangements with a U.S. nexus that are primarily used for retail payments.  PWG Members welcome dialogue as U.S. authorities continue to assess the evolving technological and […]

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one individual and four entities for their roles in the fraudulent August 9, 2020, presidential election in Belarus and the subsequent violent crackdown on peaceful pro-democracy protests. These designations, pursuant to Executive Order (E.O.) 13405, target individuals and entities […]

Washington – Today, in support of the U.S. government’s efforts to promote accountability and reach a political resolution to the Syrian conflict, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a high-ranking official in the Syrian government; her husband, a member of the Syrian People’s Assembly; and their business entities. […]

WASHINGTON – Secretary Steven T. Mnuchin issued the following statement on passage of the Coronavirus Response and Relief Supplemental Appropriations Act as part of the Consolidated Appropriations Act of 2021:  “I am pleased that the United States Senate and House of Representatives have passed on an overwhelmingly bipartisan basis the Coronavirus Response and Relief Supplemental […]

WASHINGTON – In March 2020, short-term funding markets came under sharp stress amid growing economic concerns related to the COVID-19 pandemic and an overall flight to liquidity and quality among investors.  Today the President’s Working Group on Financial Markets (PWG) released a report that examines these events and sets forth potential policy measures to improve […]

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the Vice President of the Nicaraguan Supreme Court of Justice, Marvin Ramiro Aguilar Garcia; a Deputy of the National Assembly, Walmaro Antonio Gutierrez Mercado; and a Chief of the Nicaraguan National Police in Leon, Fidel De Jesus Dominguez Alvarez, […]

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified three entities controlled by the Cuban military with strategic roles in the Cuban economy. Two of the entities, Financiera Cimex S.A. and Kave Coffee, S.A., are subsidiaries of the third entity, the large Cuban government enterprise Grupo de Administración […]