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 […]
Category Archives: U.S. Treasury
Bank Accounting Advisory Series Updated
News Release 2020-106 | August 17, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released an update to the Bank Accounting Advisory Series (BAAS). The BAAS covers a variety of topics and promotes consistent application of accounting standards among national banks and federal savings associations. This edition of […]
Treasury Sanctions Four Ugandans for Involvement in False Adoption Scam
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned four Ugandans pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act, for their involvement in an adoption scam that saw many Uganda-born children victimized by the participants in the scheme. […]
Treasury International Capital Data for June
Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for June 2020. The next release, which will report on data for July 2020, is scheduled for September 16, 2020. The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]
Statement by Secretary Steven T. Mnuchin on the President’s Decision Regarding the Acquisition by ByteDance Ltd. of the U.S. Business of musical.ly
WASHINGTON – As chair of the Committee on Foreign Investment in the United States (CFIUS), U.S. Treasury Secretary Steven T. Mnuchin today issued the following statement: “Today the President issued an order prohibiting the transaction that resulted in the acquisition of Musical.ly, now known as TikTok, by the Chinese company ByteDance. The order directs ByteDance […]
Federal Banking Agencies Issue Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements
News Release 2020-105 | August 13, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—The federal banking agencies today issued a joint statement updating their existing enforcement guidance to enhance transparency regarding how they evaluate enforcement actions that […]
OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 1 Via Remote Means
News Release 2020-104 | August 13, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 1, 2020, via remote means. The meeting is open to the public and will begin at […]
Statement by Secretary Steven T. Mnuchin
Washington – Secretary Steven T. Mnuchin today issued the following statement: “Earlier today, Speaker Pelosi and I spoke by phone. Her statement is not an accurate reflection of our conversation. She made clear that she was unwilling to meet to continue negotiations unless we agreed in advance to her proposal, costing at least $2 trillion. […]
Treasury Releases Report of the Federal Interagency Task Force on Long-Term Care Insurance
WASHINGTON – The U.S. Department of the Treasury today released the report of the Federal Interagency Task Force on Long-Term Care Insurance (Task Force). The report, Long-Term Care Insurance: Recommendations for Improvement of Regulation, describes the work conducted by the Task Force and presents recommendations to reform the regulation of long-term care insurance (LTCI) in […]
Statement by Secretary Steven T. Mnuchin on the President’s Executive Orders Providing Continuing Economic Relief
U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the signing of Executive Orders by President Donald J. Trump that delay the collection of payroll taxes, enact eviction protections, extend enhanced unemployment benefits, and provide student loan repayment options: “I am pleased that President Trump has taken action to ensure that economic […]