Tag: u_s_department_of_the_treasury

• Treasury Flags $270 Million in Suspicious Activity Tied to Federal Student Aid Fraud

  19 Oct 2026 2:27 p.m.

  FinCEN referred its findings to federal investigators after nearly 100 suspicious activity reports and more than 20,000 flagged transactions since February.

  Politics and GovernmentLaw EnforcementBusinessFederal GovernmentWhite HouseEconomyEducationLegalSocial Issues FinCENstudent aid fraudU.S. Department of the TreasuryScott BessentLinda McMahonsuspicious activity reportsBank Secrecy ActFinancial Crimes Enforcement Networkfederal student aid fraudWhite House Task Force to Eliminate FraudUS Treasury

• Treasury Reports $199.8 Billion Net TIC Inflow for August 2026

  16 Oct 2026 4:02 p.m. · Source: US Treasury

  Treasury International Capital data show a $199.8 billion net inflow in August 2026, with foreign residents buying $300.7 billion in long-term U.S. securities while cutting Treasury bill holdings.

  BusinessPolitics and GovernmentUSAEconomyBankingFinancial MarketsFederal Government Treasury International CapitalU.S. Department of the Treasurynet TIC inflowlong-term U.S. securitiesTreasury billsforeign holdingsWashingtonUS Treasury

• Treasury Sanctions Iraqi Bank and Iranian Offshore Lenders, FinCEN Warns Banks on Charity Abuse

  15 Oct 2026 1:33 p.m.

  FinCEN's alert under Operation Economic Outcast asks financial institutions to report diversion of khums religious tithes through charity networks, while Treasury blocks an Iraqi bank, Iranian offshore banks, oil intermediaries and exchange houses.

  Politics and GovernmentBusinessLaw EnforcementIranUSAFederal GovernmentBankingLegalMiddle EastMilitaryWorldIraqFinancial Markets FinCENOperation Economic Outcastreligious charity networkskhumsU.S. Department of the Treasuryfinancial institutionsFinancial Crimes Enforcement NetworkIran sanctionsInternational Development BankScott BessentOffice of Foreign Assets Controlshadow bankingUS TreasuryIranian regimereligious charitiesterrorism financing

• Bessent Urges IMF and World Bank to Refocus on Core Missions, End Upstream Gas Ban

  14 Oct 2026 12:09 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent tells the IMF and World Bank to return to core missions, retire the upstream gas financing ban, resume graduations, and rein in bloated board budgets.

  Politics and GovernmentBusinessWorldUSAFederal GovernmentEconomyTradeEnergyFinancial MarketsAfrica Scott BessentInternational Monetary FundWorld BankU.S. Department of the TreasuryIMF quotasupstream gas financingInternational Finance CorporationUS Treasury

• Treasury and IRS Propose Rules to Tighten Premium Tax Credit Eligibility

  14 Oct 2026 9:22 a.m.

  The proposed regulations would restrict the credit to U.S. citizens, nationals and certain lawfully present noncitizens beginning in 2027 and add new verification criteria for advance payments.

  Politics and GovernmentHealthBusinessUSAFederal GovernmentWhite HouseEconomyLegal Premium Tax CreditInternal Revenue ServiceWorking Families Tax CutsScott BessentMehmet OzAffordable Care ActTax CreditsU.S. Department of the TreasuryCenters for Medicare & Medicaid ServicesHealth Insurance ExchangesUS Treasury

• Bank of America Hit With Over $1.96 Billion in AML and Sanctions Penalties

  13 Oct 2026 6:26 p.m.

  FinCEN assessed $1.2 billion, the OCC $750 million and OFAC $11.6 million, with the bank admitting it willfully violated the Bank Secrecy Act.

  BusinessLaw EnforcementUSABankingLegalFederal GovernmentFinancial MarketsPolitics and GovernmentEconomy Office of the Comptroller of the CurrencyBank of AmericaBank Secrecy Actcivil money penaltyanti-money launderingFinancial Crimes Enforcement NetworkJonathan V. GouldOffice of the Comptroller of the Currency (OCC)FinCENmoney launderingOffice of Foreign Assets ControlsanctionsU.S. Department of the TreasuryOFACUS Treasury

• Bessent Holds Introductory Call With South Korea's New Finance Minister

  13 Oct 2026 10:05 a.m. · Source: US Treasury

  Treasury Secretary Scott Bessent congratulated Deputy Prime Minister Lee Hyoung-il on his new role and discussed shared economic priorities and ways to strengthen bilateral cooperation.

  Politics and GovernmentBusinessUSASouth KoreaFederal GovernmentEconomyTrade Scott BessentLee Hyoung-ilU.S. Department of the TreasuryRepublic of Koreabilateral economic cooperationWashingtonUS Treasury

• Treasury Secretary Bessent Names Dr. Judy Shelton as Counselor

  9 Oct 2026 8:08 a.m. · Source: US Treasury

  Economist and author Judy Shelton joins the Treasury as a Counselor in the Office of the Secretary, advising on currency policy with a focus on China's financial conditions.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingFinancial Markets Judy SheltonScott BessentU.S. Department of the Treasurycurrency policyChinaHoover InstitutionWashingtonUS Treasury

• Treasury Sanctions 17 Shadow Fleet Vessels in Crackdown on Iran's Oil Network

  8 Oct 2026 1:03 p.m. · Source: US Treasury

  Operation Economic Outcast targets 17 tankers and 18 companies moving Iranian oil, petrochemicals and LPG across Asia, as Treasury says it has neutralized most of Iran's remaining shadow fleet.

  Politics and GovernmentBusinessWorldIranFederal GovernmentTradeEnergyLegalMiddle East Operation Economic OutcastIran shadow fleetOFAC sanctionsScott BessentU.S. Department of the TreasuryExecutive Order 13902Iranian petroleum exportsUS Treasury

• Treasury Issues First Penalty Under Outbound Investment Security Program, Fining Amidi $200,000

  7 Oct 2026 2:00 p.m. · Source: US Treasury

  Treasury fined Amidi, LLC $200,000 for failing to notify it of a controlled foreign entity's $92,478 investment in Chinese AI firm Noematrix, the first civil penalty under the Outbound Investment Security Program.

  Politics and GovernmentBusinessScience & TechnologyUSAChinaFederal GovernmentEconomyArtificial IntelligenceLegalTrade Outbound Investment Security ProgramU.S. Department of the TreasuryAmidi, LLCNoematrixScott BessentChristopher PilkertonUS Treasury

• Treasury Expands Do Not Pay to 99% of Federal Programs, Verifies $3.7 Trillion in Payments

  6 Oct 2026 9:58 a.m. · Source: US Treasury

  Treasury reports FY2026 fraud prevention gains: Do Not Pay access jumped from 4% to 99% of federal programs, 2.3 billion records screened, and $175 million in payments to deceased individuals returned.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingLegal U.S. Department of the TreasuryDo Not Payimproper paymentsScott BessentExecutive Order 14249Bureau of the Fiscal Servicepayment verificationUS Treasury

• Treasury Secretary Bessent to Speak at Pennsylvania Chamber Annual Dinner

  5 Oct 2026 8:46 p.m. · Source: US Treasury

  U.S. Treasury Secretary Scott Bessent will take part in a fireside chat with Pennsylvania Chamber president and CEO Luke Bernstein at the group's 42nd annual dinner.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and Labor Scott BessentU.S. Department of the TreasuryPennsylvania Chamber of Business and IndustryLuke BernsteinPennsylvania Chamber Annual DinnerFireside ChatWashington, D.C.US Treasury

• Bessent Holds Trump Accounts Press Conference With Pennsylvania Lawmakers

  5 Oct 2026 4:12 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent joins Pennsylvania lawmakers for a 4 PM ET press conference on what automatic enrollment in Trump Accounts means for Pennsylvania families.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBanking Scott BessentTrump AccountsU.S. Department of the TreasuryPennsylvaniaautomatic enrollmentpress conferenceUS Treasury

• Treasury Applauds 2026 Update to U.S. National Strategy for Financial Literacy

  2 Oct 2026 10:56 a.m. · Source: US Treasury

  FLEC releases its 2026 financial literacy strategy, setting four priority areas including youth financial capability, saving and investing, digital literacy, and scams and fraud education.

  Politics and GovernmentBusinessFederal GovernmentEconomyEducationFinancial Markets Financial Literacy and Education CommissionU.S. Department of the TreasuryScott BessentNational Strategy for Financial LiteracyTrump AccountsFinancial LiteracyFinancial EducationUS Treasury

• Treasury's Operation Economic Outcast Hits Iran's Auto, Rail and Steel Networks

  1 Oct 2026 1:07 p.m. · Source: US Treasury

  Treasury sanctions Iran's largest automakers, rail operators and steel networks, plus foreign suppliers in Indonesia, UAE, Turkiye, Hong Kong and Germany, under Operation Economic Outcast.

  Politics and GovernmentBusinessWorldLaw EnforcementFederal GovernmentEconomyTradeMiddle EastMilitaryLegal Operation Economic OutcastIran sanctionsU.S. Department of the TreasuryOFACIslamic Revolutionary Guard CorpsIranian automotive industryScott BessentUS Treasury

• Treasury Sanctions A7 Network, a Russian-Tied Shadow Banking Web Used by Iran to Evade Sanctions

  1 Oct 2026 1:06 p.m. · Source: US Treasury

  FinCEN proposes rule barring fund transmittals tied to A7 Network Sub-Agents and issues an alert, while OFAC designates the network a significant transnational criminal organization.

  Politics and GovernmentBusinessLaw EnforcementUSAIranRussiaFederal GovernmentBankingFinancial MarketsLegalMilitaryMiddle East A7 NetworkU.S. Department of the TreasuryFinCENOFACIran sanctions evasionOperation Economic OutcastScott BessentUS Treasury

• Treasury Completes Automatic Enrollment for Trump Accounts, Opening Path for 60 Million More Children

  1 Oct 2026 11:36 a.m. · Source: US Treasury

  Treasury says automatic enrollment for Trump Accounts is complete, giving every eligible child under 18 with a Social Security number an account that parents must claim to unlock a $1,000 seed contribution.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingSocial Issues Trump AccountsU.S. Department of the TreasuryScott Bessentautomatic enrollmenttax-advantaged investment accountsSocial Security numberphilanthropic contributionsUS Treasury

• Treasury and IRS Propose Rules for First Federal School Choice Tax Credit

  1 Oct 2026 10:21 a.m.

  Treasury and IRS issue proposed regulations for the Education Freedom Tax Credit, offering up to $3,400 per married couple for K-12 scholarship contributions starting January 1, 2027.

  Politics and GovernmentBusinessUSAFederal GovernmentWhite HouseEducationLegalEconomy Education Freedom Tax CreditInternal Revenue ServiceU.S. Department of the TreasuryScholarship Granting Organizationsschool choicesection 25FScott Bessent

• Treasury and IRS Issue Proposed Rules for First Nationwide School Choice Tax Credit

  1 Oct 2026 9:18 a.m. · Source: US Treasury

  Treasury and IRS propose regulations for the Education Freedom Tax Credit, offering up to $3,400 per couple for K-12 scholarship contributions starting January 1, 2027.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyEducationLegal Education Freedom Tax CreditU.S. Department of the TreasuryInternal Revenue Serviceschool choiceScholarship Granting OrganizationsScott BessentLinda McMahonUS Treasury

• Treasury Sanctions Tren de Aragua ATM Jackpotting Network After Millions Stolen From U.S. Banks

  30 Sep 2026 10:43 a.m. · Source: US Treasury

  OFAC designated 10 targets tied to a Tren de Aragua ATM jackpotting scheme that has stolen millions from U.S. financial institutions, including a fugitive on the FBI's Ten Most Wanted list.

  Politics and GovernmentLaw EnforcementBusinessUSAVenezuelaMexicoFederal GovernmentBankingLegalFinancial MarketsComputers and Internet Tren de AraguaOFACATM jackpottingU.S. Department of the TreasuryScott BessentAnibal Alexander Canelon AguirresanctionsUS Treasury

• Treasury and Education Departments Launch Online Portal for Defaulted Student Loan Borrowers

  30 Sep 2026 10:07 a.m. · Source: US Treasury

  New Defaulted Loans Support Center lets borrowers with defaulted federal student loans apply online to rehabilitate or consolidate, replacing decades-old paper processes, Treasury and Education announce.

  Politics and GovernmentBusinessEducationFederal GovernmentEconomyBankingFinancial MarketsSocial Issues Defaulted Loans Support CenterU.S. Department of the TreasuryU.S. Department of Educationfederal student loansstudent loan defaultTreasury-ED Federal Student Assistance Partnershiploan rehabilitationUS Treasury

• Financial Stability Oversight Council Meets on Q3 Monitoring, Household Resilience and Regulatory Reform

  29 Sep 2026 4:31 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent convened the Financial Stability Oversight Council, which heard updates on third-quarter financial stability, household resilience and banking supervision reform, and approved a $9.3 million FY2027 budget.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingFinancial MarketsLegal Financial Stability Oversight CouncilScott BessentU.S. Department of the Treasuryfinancial stabilitybanking supervisionhousehold resiliencefraudUS Treasury

• Bessent Urges Lebanon to Disrupt Hizballah Financial Networks

  28 Sep 2026 6:24 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent met Lebanese Prime Minister Nawaf Salam and Finance Minister Yassine Jaber, pressing for action against Iranian and Hizballah financial networks and banking reforms.

  Politics and GovernmentBusinessUSALebanonFederal GovernmentBankingMiddle EastEconomy Scott BessentNawaf SalamYassine JaberHizballahIranU.S. Department of the TreasuryUS Treasury

• Treasury Secretary Bessent Names Dr. David Zervos as Counselor in the Office of the Secretary

  28 Sep 2026 8:28 a.m. · Source: US Treasury

  Veteran market strategist David Zervos joins Treasury as a Counselor, bringing 35 years of experience across global markets, central banking and macroeconomic analysis to the Office of the Secretary.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyFinancial MarketsBankingEmployment and Labor David ZervosScott BessentU.S. Department of the TreasuryOffice of the SecretaryJefferies LLCFederal ReserveGovernment AppointmentUS Treasury

• Treasury Convenes Global Banks to Advance Operation Economic Outcast Against Iran

  16 Sep 2026 2:22 p.m. · Source: Financial Crimes Enforcement Network

  FinCEN Exchange brings global financial institutions together to cut off Iranian regime revenue and procurement networks, with Treasury Secretary Scott Bessent vowing to sever Tehran's remaining economic lifelines.

  Politics and GovernmentBusinessLaw EnforcementUSAIranFederal GovernmentBankingFinancial MarketsMiddle EastLegal Operation Economic OutcastFinCEN ExchangeScott BessentU.S. Department of the Treasurysanctionsterrorist financingFinancial Crimes Enforcement Network

• Bessent Tells House Panel Trump's Growth Agenda Is Restoring American Strength at Home and Abroad

  15 Sep 2026 10:28 a.m. · Source: US Treasury

  Treasury Secretary Scott Bessent told the House Financial Services Committee that G20 consensus, 1 million new private-sector jobs and an economic isolation campaign against Iran show American leadership at work.

  Politics and GovernmentBusinessEconomyFederal GovernmentCongressTradeBankingMiddle East Scott BessentU.S. Department of the TreasuryHouse Financial Services CommitteeG20 Finance MinisterialWorking Families Tax CutsIranU.S. economyUS Treasury

• Treasury Welcomes Revised GloBE Information Return, Implementing Trump's Day One Executive Order

  11 Sep 2026 5:35 a.m. · Source: US Treasury

  Treasury welcomes the revised GloBE Information Return, saying it implements President Trump's Day One executive order and shields U.S.-headquartered companies from overlapping foreign minimum taxes.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyTradeLegal U.S. Department of the TreasuryGloBE Information ReturnScott BessentOECD Pillar Twoside-by-side safe harborinternational taxDonald Trump executive orderUS Treasury

• U.S. Mint Unveils 9/11 25th Anniversary Half Dollar

  10 Sep 2026 7:38 p.m. · Source: US Treasury

  The U.S. Mint announced a 2026 Semiquincentennial Enduring Liberty Half Dollar marking 25 years since September 11, featuring a "NEVER FORGET" privy mark and now open for pre-sale.

  Politics and GovernmentBusinessUSAFederal GovernmentFinancial MarketsSocial Issues United States MintSeptember 11 attacksScott BessentU.S. Department of the TreasurySemiquincentennial Enduring Liberty Half DollarCommemorative coinCoin pre-saleUS Treasury

• Treasury Uncovers $17.5 Billion in Suspected Health Care Fraud

  9 Sep 2026 4:15 p.m. · Source: US Treasury

  FinCEN identified $17.5 billion in suspicious health care fraud activity, detailed in a new report. The Treasury, under the Trump Administration, is committed to disrupting these schemes, protecting taxpayers, and safeguarding federal health care programs through financial intelligence and whistleblower…

  Politics and GovernmentHealthBusinessLaw EnforcementFederal GovernmentEconomyLegalWhite HouseBanking Health Care FraudFinancial Crimes Enforcement Network (FinCEN)U.S. Department of the TreasuryBank Secrecy Act (BSA)Trump AdministrationScott BessentWhistleblowersUS Treasury

• Secretary Bessent to Participate in G20 Finance Sessions

  31 Aug 2026 8:39 a.m. · Source: US Treasury

  U.S. Treasury Secretary Scott Bessent is participating in the G20 Finance Ministers and Central Bank Governors Plenary Sessions in Asheville, North Carolina, livestreamed on X, discussing economic developments, growth, and banking.

  Politics and GovernmentBusinessWorldMediaGeneral PoliticsFederal GovernmentEconomyFinancial MarketsEducation Scott BessentG20U.S. Department of the TreasuryAshevilleFinance MinistersCentral Bank GovernorsEconomic PolicyUS Treasury

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