Under Secretary for Terrorism and Financial Intelligence Brian Nelson delivered remarks at a beneficial ownership event in Columbus, Ohio, hosted by Representative Joyce Beatty. Nelson thanked Beatty for her efforts and acknowledged her comments during Secretary Yellen’s recent hearing.
Yesterday, Secretary of the Treasury Janet L. Yellen and Secretary of Energy Jennifer Granholm hosted a working dinner with CEOs of leading companies in the clean energy economy. During the meeting, Secretary Yellen, Secretary Granholm, and CEOs discussed the impact of President Biden’s Inflation Reduction Act, described as "the most significant climate law in history," which is driving private sector investments in American clean energy and creating new jobs across the nation.
The U.S. Department of the Treasury hosted a Transition Finance Dialogue with representatives from various financial institutions, civil society organizations, and other stakeholders to discuss how financial institutions can support or enable the net-zero transition. Secretary of the Treasury Janet L. Yellen and Ethan Zindler, Climate Counselor to the Secretary, emphasized Treasury’s recent efforts to encourage financial institutions and market participants to seize opportunities created by the shift to clean energy.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned three Mexican accountants and four Mexican companies linked to timeshare fraud led by the Cartel de Jalisco Nueva Generacion (CJNG). Concurrently, the Financial Crimes Enforcement Network (FinCEN) issued a Notice, jointly with OFAC and the FBI, to financial institutions detailing timeshare fraud schemes in Mexico associated with CJNG and other transnational criminal organizations.
WASHINGTON – The United States and Australia hosted the Pacific Banking Forum from July 8-9 in Brisbane, Australia, to address the urgent issue of 'de-risking' and the decline of correspondent banking relationships (CBRs) in the Pacific. Initiated by President Joe Biden and Prime Minister Anthony Albanese, the Forum gathered Pacific Island Finance Ministers, Central Bank Governors, regulators, international financial institutions (IFIs), multilateral development banks, policymakers, Financial Intelligence Units, and commercial banks. Senior officials from the U.S., Australia,...
On Tuesday, July 16, Under Secretary for Terrorism and Financial Intelligence Brian Nelson and Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki will participate in a beneficial ownership reporting outreach event in Columbus, Ohio, in partnership with Rep. Joyce Beatty (D-OH).
On July 12, 2024, Secretary of the Treasury Janet L. Yellen delivered remarks at the Freedman’s Bank Summer Symposium. The event was attended by Deputy Secretary Wally Adeyemo and other colleagues.
The U.S. Department of the Treasury and Internal Revenue Service (IRS) have announced a significant milestone in their initiative to collect past-due tax debt from high-income, high-wealth individuals. This effort, enabled by resources from President Biden’s Inflation Reduction Act, has recovered over $1 billion to date.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Tren de Aragua, a Venezuela-based transnational criminal organization. The group is involved in various criminal activities across the Western Hemisphere, including human smuggling and trafficking, gender-based violence, money laundering, and illicit drug trafficking.
Secretary of the Treasury Janet L. Yellen met with Israeli Foreign Minister Israel Katz today on the sidelines of the NATO Summit in Washington, DC. Secretary Yellen reaffirmed the Treasury’s strong commitment to Israel’s security.
WASHINGTON – Today, the Federal Insurance Office (FIO) at the U.S. Department of the Treasury hosted a roundtable discussion with representatives from the financial services sector and consumer groups to discuss the title insurance industry and analyze potential reforms as part of the Biden administration’s efforts to lower costs for homebuyers.
The U.S. Department of the Treasury has issued a call for Large Position Reports from entities whose positions in the 4-3/4% Treasury Bonds of November 2043 equaled or exceeded $1.6 billion as of December 19, 2023, or December 29, 2023.
On Friday, July 12, 2024, the U.S. Department of the Treasury will host the annual Freedman’s Bank Forum in Raleigh, North Carolina. The event will feature U.S. Deputy Secretary of the Treasury Wally Adeyemo, Governor Roy Cooper, Biden-Harris Administration officials, and key leaders from various sectors. The forum aims to highlight efforts to increase economic opportunities for communities of color and showcase local success stories around Raleigh.
The U.S. Department of the Treasury, as Chair of the Committee on Foreign Investment in the United States (CFIUS), has issued a Notice of Proposed Rulemaking (NPRM) to expand CFIUS’s jurisdiction over certain real estate transactions by foreign persons near specified military installations. This expansion follows legislation passed by Congress in 2018, granting CFIUS authority to review such transactions and take appropriate action when necessary.
On Wednesday, July 10, U.S. Deputy Secretary of the Treasury Wally Adeyemo will travel to Philadelphia, Pennsylvania, to discuss how the Biden-Harris Administration’s economic agenda is creating good-paying clean energy jobs and continuing the historic small business boom by expanding access to capital.
The United States of America, the Republic of Indonesia, and four non-governmental organizations (NGOs) have signed debt-for-nature swap and coral reef conservation agreements under the Tropical Forest and Coral Reef Conservation Act (TFCCA). The agreements, signed on July 3, 2024, will reduce Indonesia’s debt payments to the United States Government by $35 million over the next nine years. In exchange, Indonesia has committed these funds to support grants aimed at protecting and restoring the country's coral reef ecosystems through a newly established conservation fund.
U.S. Secretary of the Treasury Janet L. Yellen held a call with United Kingdom Chancellor of the Exchequer Rachel Reeves today, congratulating her on her historic appointment as the first female Chancellor of the Exchequer. Secretary Yellen underscored the significance of the U.S.-UK bilateral relationship.
