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 […]
Category Archives: U.S. Treasury
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 […]
Mnuchin And Vought Release Joint Statement On Budget Results For Fiscal Year 2020
WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin and White House Office of Management and Budget (OMB) Director Russell Vought today released the final budget results for fiscal year (FY) 2020. President Donald Trump took bold and swift action to protect public health from the effects of the unprecedented pandemic, signing into law four major […]
Secretary Steven T. Mnuchin To Lead U.S. Delegation to Israel, Bahrain and the United Arab Emirates in Support of the Abraham Accords
WASHINGTON – The U.S. Department of the Treasury today announced that a U.S. delegation led by Secretary Steven T. Mnuchin will travel to Israel, Bahrain and the United Arab Emirates from October 17 to October 20 to support expanded economic cooperation under the Abraham Accords signed by the three countries last month. Secretary Mnuchin and the […]
OCC Assesses $85 Million Civil Money Penalty Against USAA
News Release 2020-135 | October 14, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $85 million civil money penalty against USAA, Federal Savings Bank. The OCC took this action based on the bank’s failure to implement and maintain an effective compliance risk management program and an effective information […]
Joint IMFC and Development Committee Statement by Secretary Steven T. Mnuchin
WASHINGTON – As we begin the Annual Meetings of the International Monetary Fund and the World Bank, we find ourselves seven months into a global economic and health crisis unlike any the world has previously faced. Since March, the World Bank and IMF have helped countries respond quickly to the COVID-19 pandemic, adapting their operations […]