Salavati and Moghisseh also issue cruel sentences against activists, journalists, and religious minorities Washington – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two judges presiding over branches of the Iranian regime’s Revolutionary Court who, for years, have punished Iranian citizens and dual-nationals for exercising their freedoms of expression or […]
Category Archives: U.S. Treasury
Statement from United States Treasury Secretary Steven T. Mnuchin on the Passage of the United States-Mexico-Canada Agreement (USMCA) in the House of Representatives:
Today’s passage of the United States-Canada-Mexico Agreement (USMCA) negotiated by Ambassador Lighthizer and the U.S. team is another big step forward in advancing President Trump’s trade agenda. As the President promised, the agreement is a significant achievement in modernizing and rebalancing our trade relationship with Canada and Mexico, delivering a more level playing field for […]
Treasury and IRS Issue Final Regulations on Opportunity Zones
Washington –The U.S. Treasury Department and the IRS today issued final regulations implementing the Opportunity Zones tax incentive. Opportunity Zones, created by the Tax Cuts and Jobs Act, offer capital gains tax relief for investments in economically distressed areas. “Opportunity Zones are helping to revitalize communities and create jobs for hardworking Americans,” said Secretary Steven […]
Treasury Sanctions Guatemalan Mayor and His Drug Trafficking Organization
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Guatemalan mayor Erik Salvador Suñiga Rodriguez, known as “El Pocho,” and the Suñiga Rodriguez drug trafficking organization (Suñiga Rodriguez DTO or “Los Pochos DTO”) as significant foreign narcotics traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). […]
OCC Reports Third Quarter 2019 Bank Trading Revenue
News Release 2019-149 | December 18, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the third quarter 2019, which was $0.9 billion, or 10.9 percent, less than the previous quarter. In the report, Quarterly Report on […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with Canadian Finance Minister Bill Morneau
Washington – U.S. Treasury Secretary Steven T. Mnuchin met with Canadian Finance Minister Bill Morneau. Secretary Mnuchin and Minister Morneau reaffirmed the strong economic and trade relationship between the United States and Canada and discussed continued efforts to reach a multilateral agreement on issues associated with international taxation. Other topics discussed include the 2020 United […]
Treasury Removes Sanctions on Latvia’s Ventspils Freeport Authority
Treasury removes sanctions following Latvian government action to strip ownership or control from Global Magnitsky-designated oligarch Aivars Lembergs Washington – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed sanctions imposed on the Ventspils Freeport Authority, which was designated on December 9 for being owned or controlled by Latvian oligarch Aivars […]
Letter to Secretary Mnuchin from Chairmen and Ranking Members Regarding Effective Dates in the Taxpayer First Act
Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017. As Secretary, Mr. Mnuchin is responsible for the U.S. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad. Read More […]
Federal Banking Agencies Announce Availability of 2018 Small Business, Small Farm, and Community Development Lending Data
News Release 2019-148 | December 16, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities today announced the availability of data on […]
Treasury Sanctions Two Senior South Sudanese Officials for Obstructing Reconciliation Efforts
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two individuals pursuant to Executive Order (E.O.) 13664 for expanding or extending the conflict in South Sudan including by obstructing the reconciliation process or peace talks. Treasury will not hesitate to target those who have perpetuated the conflict in […]