WASHINGTON – Yesterday, U.S. Deputy Secretary of the Treasury Wally Adeyemo met with South African Minister of Finance Enoch Godongwana on the sidelines of the IMF-World Bank Spring meetings, after having recently met during the Deputy Secretary’s trip to South Africa.During the meeting, Deputy Secretary Adeyemo and Minister Godongwana discussed South Africa’s next steps in the Just Energy Transition Partnership (JETP). Adeyemo also acknowledged South Africa’s efforts to combat illicit finance, offering cooperation and assistance with ongoing efforts in this area.In...
U.S. Deputy Secretary of the Treasury Wally Adeyemo addressed the Treasury Advisory Committee for Racial Equity in Philadelphia, thanking members for their dedication to advancing economic and racial equity. He expressed gratitude to former Philadelphia Mayor Michael Nutter and current Mayor Cherelle Parker for their contributions to the committee.Acknowledging the progress made in the American economy over the past four years, Adeyemo emphasized the importance of addressing economic disparities by race and ensuring that Treasury programs increase economic opportunity for...
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has taken action against the Jama’at Nusrat al-Islam wal-Muslimin (JNIM) terrorist group for their involvement in the hostage-taking of U.S. persons in West Africa.Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson expressed the severity of JNIM's actions, stating that they "rely on hostage-taking and wrongful detention of civilians in order to gain leverage and instill fear, creating anguish and misery for the victims and their families." Nelson also...
WASHINGTON – Ministers representing the 40 members of the Financial Action Task Force (FATF) convened in Washington today to discuss crucial matters concerning global financial security and combatting illicit activities. Secretary of the Treasury Janet L. Yellen commended the FATF for its commitment to protecting the financial system and addressing pressing issues. Yellen highlighted the importance of combating terrorist financing, preventing sanctions evasion, enhancing financial transparency, and recovering assets to combat corruption.Yellen also emphasized the...
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions on multiple entities, individuals, and vessels involved in facilitating the clandestine sale of Iranian unmanned aerial vehicles (UAVs) for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL). These actions are part of efforts to combat those financing Iran's destabilizing activities.Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson stated, “Iran’s Ministry of Defense continues to destabilize the region and world with its...
Yesterday, U.S. Deputy Secretary of the Treasury Wally Adeyemo participated in a roundtable discussion hosted by the Corporate Council on Africa (CCA) focused on U.S.-Africa Trade and Investment. The event took place on the sidelines of the IMF-World Bank Spring Meetings and brought together finance ministers from several African countries, including Cote d’Ivoire, Democratic Republic of the Congo, Ghana, Nigeria, and Zambia, along with a deputy finance minister from South Africa.During the roundtable, participants delved into various crucial topics. They discussed the...
Secretary of the Treasury Janet L. Yellen has commended the United States Senate and House of Representatives for passing the National Security Supplemental, providing crucial military, economic, and humanitarian support to Ukraine in its ongoing conflict with Russia. Yellen emphasized the significance of this assistance, stating, "This vital – and long overdue – assistance will bolster Ukraine’s capabilities on the battlefield."In addition to military aid, Yellen highlighted the importance of economic support to prevent Ukraine's collapse on the homefront and ensure the...
