Individuals and Companies were Delisted Following the Successful Imposition of Sanctions WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) delisted one individual and five associated companies from the Specially Designated Nationals and Blocked Persons List (SDN List). Honduran money launderer Jaime Rolando Rosenthal Oliva (Jaime Rosenthal) (now deceased), […]
Category Archives: U.S. Treasury
Treasury Sanctions Chinese National for Shipping Fentanyl to the United States
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Chinese national Taotao Zhang as a Significant Foreign Narcotics Trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). OFAC also designated Hong Kong-based Allyrise Technology Group Co., Limited, for being owned, controlled, or directed by, or acting […]
OCC Allows National Banks and Federal Savings Associations Affected by California and Colorado Wildfires to Close
News Release 2020-109 | August 24, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by wildfires in California and Colorado at their discretion. In issuing the proclamation, the OCC expects […]
U.S. Treasury Department Provides Currency Valuation Assessment in Countervailing Duty Proceeding
WASHINGTON – Consistent with the priority of the Trump Administration to address unfair currency practices, the U.S. Department of the Treasury has provided to the Commerce Department an assessment of currency undervaluation for a pending countervailing duty proceeding. This assessment is available on the Commerce Department’s public record of the proceeding. As part of the […]
Agencies Issue Statement on Bank Secrecy Act Due Diligence Requirements for Customers Who May Be Considered Politically Exposed Persons
News Release 2020-108 | August 21, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the […]
Treasury Releases United States Postal Service Fact Sheet
WASHINGTON – The U.S. Department of the Treasury today published a fact sheet on Treasury’s role as lender to the United States Postal Service (USPS). Secretary Steven T. Mnuchin serves as the Chairman of the Federal Financing Bank, the sole lender to USPS, and as Chair of the Task Force on the United States Postal System […]
Treasury Sanctions Senior Syrian Government Officials
Washington – Today, the U.S. Department of the Treasury continued the U.S. government’s campaign of pressure to compel the Bashar Al-Assad (Assad) regime to end its attacks against the Syrian people. Treasury’s Office of Foreign Assets Control (OFAC) took action against the Syrian presidential office and the Syrian Ba’ath Party through its designations of two […]
Treasury Designates Key Actors in Mahan Air Illicit Procurement Operations
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating UAE-based Parthia Cargo and Delta Parts Supply FZC for their material support of Iranian airline Mahan Air. OFAC is also designating UAE-based Iranian national Amin Mahdavi for owning or controlling Parthia Cargo. Together, these companies have provided key […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Iraqi Prime Minister Mustafa Al-Kadhimi
WASHINGTON – Today U.S. Treasury Secretary Steven T. Mnuchin met with Iraqi Prime Minister Mustafa al-Kadhimi. The Secretary and Prime Minister reaffirmed the partnership between the U.S. and Iraq and discussed collaborative efforts to promote economic stability, security and prosperity in Iraq, and to combat illicit finance and terrorism. Related posts: Treasury Takes Further Action […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Iraqi Finance Minister and Deputy Prime Minister Ali Allawi and Iraqi Ambassador to the United States Fareed Yassen
WASHINGTON – Today U.S. Treasury Secretary Steven T. Mnuchin met with Iraqi Finance Minister and Deputy Prime Minister Ali Allawi and Iraqi Ambassador to the United States Fareed Yassen. They discussed the economics track of the U.S.–Iraq Strategic Dialogue, the new government’s priorities for economic reforms and response to COVID-19, and opportunities to work together […]