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 […]
Category Archives: U.S. Treasury
Remarks by Deputy Secretary Justin G. Muzinich The Partnership to Combat Human Rights Abuse and Corruption
As prepared for delivery Thank you all for being here. It’s great to be with you today. We are excited to host this event to bring together Treasury and other government officials, civil society, and financial institutions to discuss ways that we partner to combat human rights abuse and corruption around the globe. When government […]
Treasury International Capital Data for October
Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for October 2019. The next release, which will report on data for November 2019, is scheduled for January 16, 2020. The sum total in October of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]
Treasury Designates Prominent Lebanon and DRC-Based Hizballah Money Launderers
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against two prominent Lebanon and the Democratic Republic of the Congo (DRC)-based money launderers and their affiliated companies, including those that have generated tens of millions of dollars for Hizballah, its financiers, and their malign activities. These designations […]
FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations
News Release 2019-147 | December 12, 2019 Share This Page: Joint Release Federal Deposit Insurance CorporationOffice of Comptroller of the Currency WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) today announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act (CRA) that have not been […]
Comptroller Statement Regarding Joint Proposal to Modernize the Community Reinvestment Act Regulations
News Release 2019-146 | December 12, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today released the following statement regarding the publication of the joint notice of proposed rulemaking to modernize the Community Reinvestment Act (CRA) regulations. Since 1977 the Community Reinvestment Act has steered trillions of dollars into neighborhoods across our country helping […]
Treasury Sanctions Son of Nicaraguan President Ortega for Money Laundering and Supporting Corruption
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Rafael Antonio Ortega Murillo, son of Nicaraguan President Daniel Ortega, and two companies he owns or controls and uses to finance and launder money for the Ortega regime. OFAC also designated Distribuidor Nicaraguense de Petroleo S.A. (DNP), a company […]
U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the OCC’s and FDIC’s proposals to modernize Community Reinvestment Act (CRA) regulations:
“Today’s announcement by the OCC and the FDIC is an important step in improving the CRA and enhancing the ability of banks to deliver services in low- and moderate-income communities consistent with safe and sound operations. Community needs and the banking landscape have changed dramatically since the CRA was passed more than forty years ago, […]
Treasury Designates IRGC-QF Weapon Smuggling Network and Mahan Air General Sales Agents
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated an Iranian shipping network involved in smuggling lethal aid from Iran to Yemen on behalf of the Islamic Revolutionary Guards Corps-Qods Force (IRGC-QF). Last month, the U.S. government seized weapons smuggled on a small boat destined for Yemen. Today’s […]
Treasury Sanctions Individuals for Roles in Atrocities and Other Abuses
Global Magnitsky designations target serious human rights abuse worldwide on International Human Rights Day Washington – Today, on International Human Rights Day, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against 18 individuals located in Burma, Pakistan, Libya, Slovakia, Democratic Republic of the Congo (DRC), and South Sudan […]