Treasury Issues Regulations to Implement Executive Order Addressing U.S. Investments in Certain National Security Technologies and Products in Countries of Concern

WASHINGTON – The U.S. Department of the Treasury (Treasury) today issued a final rule (Final Rule) to implement Executive Order 14105 of August 9, 2023, “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern” (the Outbound Order). The Final Rule provides the operative regulations and a detailed explanatory discussion […]

Acting Comptroller Discusses Frameworks to Identify Systemic Risk

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READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Finance Minister Katsunobu Kato of Japan

WASHINGTON – Yesterday, Secretary of the Treasury Janet L. Yellen met with Finance Minister of Japan Katsunobu Kato on the margins of the 2024 Annual Meetings of the International Monetary Fund and the World Bank. Secretary Yellen congratulated Minister Kato on his appointment and affirmed the importance of the United States’ partnership with Japan on […]

Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Minister of the Economy Antoine Armand of France

As Prepared for Delivery  Minister Armand, it is a pleasure to meet with you as you begin your role as France’s Minister of Economy and Finance.  I look forward to continuing the deep and longstanding cooperation between the United States. and France, including advancing our joint work on shared international economic priorities. That begins with […]

Remarks by Acting Under Secretary for Terrorism and Financial Intelligence Brad Smith at a Roundtable with the Pacific Banking Forum and the Government of Australia

As Prepared for Delivery  Good afternoon, it is great to be here with you today, and I am pleased that all of you were able to join us.  For those who do not know me, I am Brad Smith, the U.S. Treasury’s Acting Under Secretary for Terrorism and Financial Intelligence.  My predecessor, Brian Nelson, attended […]

READOUT: Acting Under Secretary for Terrorism and Financial Intelligence Brad Smith Hosts Roundtable with the Pacific Banking Forum and the Government of Australia

WASHINGTON – Today, the United States and Australia co-hosted the Pacific Banking Forum Roundtable to address de-risking and the decline of correspondent banking relationships in the Pacific.  This meeting of key public- and private-sector stakeholders was a direct deliverable from the Pacific Banking Forum (PBF) held from July 8-9 in Brisbane, Australia.  Acting Under Secretary […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Deputy Prime Minister and Minister of Finance Chrystia Freeland of Canada

WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with Canadian Deputy Prime Minister and Minister of Finance Chrystia Freeland on the margins of the 2024 Annual Meetings of the International Monetary Fund and the World Bank.  Secretary Yellen outlined recent U.S. budget support for Ukraine and also provided an update on next […]

READOUT: Sixth Meeting of the Economic Working Group Between the United States and the People’s Republic of China

WASHINGTON – The United States and the People’s Republic of China held the sixth meeting of the Economic Working Group (EWG) in Washington on the sidelines of the IMF-World Bank Annual Meetings on October 25th, co-led by Jay Shambaugh, Under Secretary for International Affairs at the U.S. Treasury, and Liao Min, Vice Minister of Finance at […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Finance Mehmet Şimşek and Central Bank Governor Fatih Karahan of Türkiye

WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with Minister of Finance Mehmet Şimşek and Central Bank Governor Fatih Karahan of Türkiye on the margins of the 2024 Annual Meetings of the International Monetary Fund and the World Bank.  Secretary Yellen commended Türkiye’s commitment to strong and predictable economic policies, which have driven […]

FATF Completes Fourth Round of Mutual Evaluations, Advances Work to Curb Terrorist and Proliferation Finance

PARIS – Today, the Financial Action Task Force (FATF)—the global standard-setting body for anti-money laundering and countering the financing of terrorism and proliferation of weapons of mass destruction (AML/CFT/CPF)—concluded its first plenary under the Mexican presidency. The plenary marked the completion of the body’s fourth round of mutual evaluations, furthered ongoing work on financial inclusion, […]