Category Archives: U.S. Treasury

Treasury Designates Iranian Ministry and Minister of Petroleum, National Iranian Oil Company, and National Iranian Tanker Company Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating the Iranian Ministry of Petroleum, the National Iranian Oil Company (NIOC), and the National Iranian Tanker Company (NITC) pursuant to E.O. […]

WASHINGTON – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to remove Cuba’s military-run entities from the remittance process. Specifically, OFAC is amending the CACR to remove from the scope of certain remittance-related general authorizations any transactions relating to the collection, forwarding, or receipt […]

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, […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]