Global Magnitsky and Venezuela designations target corruption on International Anti-Corruption Day Washington – Corruption is a global problem. It undermines the abilities of governments to adequately care for their citizens; erodes the legal, moral, and ethical fabric of society; and facilitates transnational crime. Today, on International Anti-Corruption Day, the U.S. Department of the Treasury’s Office […]
Category Archives: U.S. Treasury
Secretary Steven Mnuchin and Advisor to the President Ivanka Trump to Participate in the Doha Forum
Washington – U.S. Treasury Secretary Steven T. Mnuchin will travel to the Doha Forum accompanied by Advisor to the President Ivanka Trump. The Forum will take place in Qatar on December 14 and 15, 2019. Secretary Mnuchin and Advisor Trump will participate in the Forum’s programming and meet with government and business leaders regarding key […]
Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in Iraq
Action Also Targets Corrupt Iraqi Millionaire for Bribery Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant to […]
OCC Releases CRA Evaluations for 22 National Banks and Federal Savings Associations
News Release 2019-144 | December 5, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of November 1, 2019 through November 30, 2019. The list contains only national banks, federal savings associations, and insured federal […]
Statement of Secretary Steven T. Mnuchin Department of the Treasury Before the Committee on Financial Services United States House of Representatives
Chairwoman Waters, Ranking Member McHenry, and members of the Committee, thank you for inviting me to discuss the Financial Stability Oversight Council’s 2019 annual report and other priorities of the Treasury Department. The report is the product of extensive collaboration among Council members, and I appreciate the hard work by the staffs of the Treasury […]
Treasury Sanctions Evil Corp, the Russia-Based Cybercriminal Group Behind Dridex Malware
Washington – Today the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action against Evil Corp, the Russia-based cybercriminal organization responsible for the development and distribution of the Dridex malware. Evil Corp has used the Dridex malware to infect computers and harvest login credentials from hundreds of banks and financial institutions in over […]
Comptroller Submits Written Statement on the Condition of the Federal Banking System, Regulatory Priorities
News Release 2019-143 | December 4, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today submitted the attached written statement on the condition of the federal banking system and progress made to achieve the agency’s regulatory priorities to the House Committee on Financial Services. The statement was submitted in lieu of participating in the […]
Financial Stability Oversight Council Issues Final Guidance on Nonbank Designations
WASHINGTON – The Financial Stability Oversight Council (Council) today voted unanimously to issue final guidance regarding nonbank financial company designations. The guidance implements an activities-based approach for identifying and addressing potential risks to financial stability. The guidance also enhances the analytical rigor and transparency of the Council’s process for designating nonbank financial companies. “The guidance […]
Financial Stability Oversight Council Releases Annual Report
WASHINGTON – The Financial Stability Oversight Council (Council) today voted unanimously to approve its 2019 annual report. The Council’s annual report describes, among other things, significant financial market and regulatory developments, potential emerging threats to U.S. financial stability, recommendations to promote U.S. financial stability, and the activities of the Council. The report was developed collaboratively […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with Sudanese Prime Minister Abdalla Hamdok
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin met with Prime Minister of Sudan Abdalla Hamdok on December 3, 2019. Secretary Mnuchin welcomed the civilian-led transitional government’s stated commitment to respecting human rights, fighting corruption, and reforming Sudan’s economy. Their discussion focused on Sudan’s economic reform agenda and the importance of demonstrating a high-level commitment […]