Tag: u_s_department_of_the_treasury

FinCEN Cuts MEXC Global Off From U.S. Financial System Over $16 Billion in Illicit Transactions

6 Nov 2026 3:34 p.m. · Source: Financial Crimes Enforcement Network

FinCEN issued an order under Operation Economic Outcast barring U.S. financial institutions from processing funds transfers involving MEXC Global, a convertible virtual currency exchanger tied to $16 billion in illicit transactions.

Business Law Enforcement Politics and Government Financial Markets Banking Legal Federal Government FinCEN MEXC Global Operation Economic Outcast sanctions evasion convertible virtual currency exchanger U.S. Department of the Treasury cybercrime Financial Crimes Enforcement Network
Bessent Presses China's He Lifeng on Full, Immediate Implementation of Busan Arrangement

6 Nov 2026 12:35 p.m. · Source: US Treasury

Treasury Secretary Scott Bessent and USTR Jameison Greer spoke with China's Vice Premier He Lifeng, urging full and immediate implementation of the Busan arrangement and flagging concerns over recent Chinese actions.

Politics and Government Business USA China White House Federal Government Trade Economy Asia Scott Bessent He Lifeng Jameison Greer Busan arrangement U.S. Department of the Treasury China trade Trump Administration US Treasury
Spanberger Announces 153 Opportunity Zones Approved Across Virginia

6 Nov 2026 12:13 p.m. · Source: Office of Virginia Governor

The U.S. Treasury approved all 153 Opportunity Zone areas recommended by Governor Abigail Spanberger, aimed at boosting housing, downtown revitalization and economic growth across Virginia from January 2027.

Politics and Government Business State Governments Economy Real Estate Federal Government Opportunity Zones Abigail Spanberger Virginia U.S. Department of the Treasury economic development Carrie Chenery Virginia Department of Housing and Community Development Reston
Ohio Gets 260 New Federal Opportunity Zones as Treasury Designates 6,576 Nationwide

5 Nov 2026 4:06 p.m.

All 260 tracts nominated by the DeWine Administration won Treasury approval, with Cuyahoga County receiving the most new designations at 39; the zones take effect Jan. 1, 2027 and run through 2036.

Politics and Government Business USA State Governments Economy Real Estate Federal Government Tax Policy Opportunity Zones Mike DeWine Ohio Department of Development Lydia Mihalik census tracts federal tax incentives economic development Ohio Governors Office U.S. Department of the Treasury Internal Revenue Service Working Families Tax Cuts Scott Bessent rural communities Tax Cuts and Jobs Act US Treasury
Treasury and IRS Designate 6,576 Opportunity Zones Effective January 2027

5 Nov 2026 11:08 a.m.

The designations cover all 50 states, territories and the District of Columbia, including 2,594 rural tracts, and will remain in place for ten years.

Politics and Government Business Federal Government Economy Tax Policy Social Issues Real Estate Opportunity Zones Internal Revenue Service U.S. Department of the Treasury Working Families Tax Cuts Scott Bessent Frank J. Bisignano rural communities Qualified Opportunity Zones
Treasury Sanctions 46 Targets Tied to Prince Group Scam Network and Madagascar Fraud Ring

5 Nov 2026 1:10 p.m. · Source: US Treasury

OFAC sanctioned four individuals and 41 entities supporting the Prince Group criminal network, plus a Malaysian national who ran a Madagascar-based scam operation that defrauded Americans of over $400,000.

Politics and Government Business Law Enforcement Federal Government Banking Financial Markets Legal Asia OFAC sanctions Prince Group Transnational Criminal Organization cyber-enabled fraud U.S. Department of the Treasury Scott Bessent money laundering digital asset scams US Treasury
Bessent Meets Venezuelan Foreign Minister Blanco to Discuss Stabilization, Recovery and Transition

2 Nov 2026 5:57 p.m. · Source: US Treasury

Treasury Secretary Scott Bessent congratulated Venezuela's new foreign minister, Oliver Blanco, and outlined plans to boost energy production and reconnect the country's financial sector.

Politics and Government Business World Federal Government Economy Energy Latin America Scott Bessent Oliver Blanco U.S. Department of the Treasury Venezuela Trump Administration energy production financial sector US Treasury
Treasury Expects $618 Billion in Fourth-Quarter Borrowing, $10 Billion Below August Estimate

2 Nov 2026 3:09 p.m. · Source: US Treasury

Treasury projects $618 billion in privately-held net marketable borrowing for October–December 2026, $10 billion less than its August estimate, and $800 billion for January–March 2027.

Business Politics and Government Economy Banking Financial Markets Federal Government U.S. Department of the Treasury marketable borrowing Quarterly Refunding federal debt government finance cash balance US Treasury
Bessent Unveils Minnesota Fraud Crackdown as FBI Arrests Four in $41 Million Medicaid Scheme

30 Oct 2026 3:38 p.m.

FinCEN flagged more than $8 billion in potentially suspicious cross-border wire payments between 2021 and 2025 as Treasury, FBI, CMS, FTC and Justice Department officials announced the measures in St. Cloud.

Politics and Government Law Enforcement Health Federal Government Legal Social Issues Business Banking Financial Markets fraud prevention Scott Bessent Minnesota Medicaid fraud FinCEN U.S. Department of the Treasury FBI US Treasury money services businesses charities and non-profit organizations White House Task Force to Eliminate Fraud Financial Crimes Enforcement Network Feeding Our Future fraud money laundering
Bessent to Hold St. Cloud Press Conference on Trump Administration's War on Fraud

30 Oct 2026 1:57 p.m.

The Treasury Secretary will be joined by FBI Director Kash Patel, CMS Administrator Dr. Mehmet Oz and FTC Chairman Andrew Ferguson, with no details of the announcement disclosed.

Politics and Government Health Law Enforcement Federal Government White House Social Issues Scott Bessent U.S. Department of the Treasury War on Fraud Kash Patel Mehmet Oz Andrew Ferguson St. Cloud, Minnesota US Treasury
Treasury Sanctions 10 People and One Entity Over North Korean IT Worker Fraud

28 Oct 2026 10:46 a.m. · Source: US Treasury

OFAC targets facilitators and networks behind DPRK IT worker schemes that defraud U.S. businesses and fund weapons programs, designating individuals in Russia and the DPRK.

Politics and Government Business Science & Technology Law Enforcement Federal Government Economy Banking Computers and Internet Asia OFAC sanctions North Korea IT workers U.S. Department of the Treasury Scott Bessent cryptocurrency money laundering First Financial and Technical Development Center sanctions evasion US Treasury
FinCEN Issues Seven Foreign-Language Translations of Iran Whistleblower Bulletin

26 Oct 2026 3:09 p.m. · Source: Financial Crimes Enforcement Network

FinCEN has released its Iran-related illicit finance whistleblower bulletin in Arabic, Farsi, Hindi, Mandarin, Russian, Spanish and Turkish to widen tip submissions under Operation Economic Outcast.

Politics and Government Business Law Enforcement Federal Government Banking Legal Middle East FinCEN Iran whistleblower Operation Economic Outcast illicit finance U.S. Department of the Treasury translations Financial Crimes Enforcement Network
Treasury Proposes Rule to Implement COINS Act Outbound Investment Curbs

22 Oct 2026 5:03 p.m. · Source: US Treasury

Treasury issues a proposed rule to implement the COINS Act, requiring notifications and bans on certain U.S. outbound investments in strategic technologies, and adds biotechnology to the covered sectors.

Politics and Government Business Science & Technology Federal Government Economy Trade Artificial Intelligence Legal U.S. Department of the Treasury Outbound Investment Security Program COINS Act Scott Bessent semiconductor technologies biotechnology national security US Treasury
Treasury Proposes Rules Barring Large Institutional Investors From Buying Single-Family Homes

22 Oct 2026 9:03 a.m. · Source: US Treasury

Treasury issues proposed regulations implementing the ROAD to Housing Act, restricting large institutional investors from buying single-family homes starting January 7, 2027, with safe harbors for build-to-rent and renovate-to-rent programs.

Politics and Government Business Real Estate Federal Government White House Economy Legal U.S. Department of the Treasury ROAD to Housing Act Scott Bessent single-family homes institutional investors homeownership Executive Order 14376 US Treasury
US Sanctions Panama-Greece Law Firm, Shipping Agents and Vessels Over Iran Shadow Fleet

21 Oct 2026 1:28 p.m.

Treasury's Operation Economic Outcast action targets Karnakis and Karnakis, two shipping agents and seven cargo vessels, and FinCEN has issued its first administrative subpoena in a probe of a Greek bank's potential Iran ties.

Politics and Government Business Conflict Law Enforcement Federal Government Trade Military Energy Banking Legal Operation Economic Outcast Karnakis and Karnakis Iran sanctions U.S. Department of the Treasury shadow fleet FinCEN Scott Bessent Financial Crimes Enforcement Network Office of Foreign Assets Control Roxette Maritime Shipping and Trading US 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 Government Law Enforcement Business Federal Government White House Economy Education Legal Social Issues FinCEN student aid fraud U.S. Department of the Treasury Scott Bessent Linda McMahon suspicious activity reports Bank Secrecy Act Financial Crimes Enforcement Network federal student aid fraud White House Task Force to Eliminate Fraud US 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.

Business Politics and Government USA Economy Banking Financial Markets Federal Government Treasury International Capital U.S. Department of the Treasury net TIC inflow long-term U.S. securities Treasury bills foreign holdings Washington US 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 Government Business Law Enforcement Iran USA Federal Government Banking Legal Middle East Military World Iraq Financial Markets FinCEN Operation Economic Outcast religious charity networks khums U.S. Department of the Treasury financial institutions Financial Crimes Enforcement Network Iran sanctions International Development Bank Scott Bessent Office of Foreign Assets Control shadow banking US Treasury Iranian regime religious charities terrorism 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 Government Business World USA Federal Government Economy Trade Energy Financial Markets Africa Scott Bessent International Monetary Fund World Bank U.S. Department of the Treasury IMF quotas upstream gas financing International Finance Corporation US 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 Government Health Business USA Federal Government White House Economy Legal Premium Tax Credit Internal Revenue Service Working Families Tax Cuts Scott Bessent Mehmet Oz Affordable Care Act Tax Credits U.S. Department of the Treasury Centers for Medicare & Medicaid Services Health Insurance Exchanges US 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.

Business Law Enforcement USA Banking Legal Federal Government Financial Markets Politics and Government Economy Office of the Comptroller of the Currency Bank of America Bank Secrecy Act civil money penalty anti-money laundering Financial Crimes Enforcement Network Jonathan V. Gould Office of the Comptroller of the Currency (OCC)FinCEN money laundering Office of Foreign Assets Control sanctions U.S. Department of the Treasury OFAC US 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 Government Business USA South Korea Federal Government Economy Trade Scott Bessent Lee Hyoung-il U.S. Department of the Treasury Republic of Korea bilateral economic cooperation Washington US 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 Government Business USA Federal Government Economy Banking Financial Markets Judy Shelton Scott Bessent U.S. Department of the Treasury currency policy China Hoover Institution Washington US 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 Government Business World Iran Federal Government Trade Energy Legal Middle East Operation Economic Outcast Iran shadow fleet OFAC sanctions Scott Bessent U.S. Department of the Treasury Executive Order 13902 Iranian petroleum exports US 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 Government Business Science & Technology USA China Federal Government Economy Artificial Intelligence Legal Trade Outbound Investment Security Program U.S. Department of the Treasury Amidi, LLC Noematrix Scott Bessent Christopher Pilkerton US 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 Government Business USA Federal Government Economy Banking Legal U.S. Department of the Treasury Do Not Pay improper payments Scott Bessent Executive Order 14249 Bureau of the Fiscal Service payment verification US 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 Government Business USA Federal Government Economy Employment and Labor Scott Bessent U.S. Department of the Treasury Pennsylvania Chamber of Business and Industry Luke Bernstein Pennsylvania Chamber Annual Dinner Fireside Chat Washington, 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 Government Business USA Federal Government Economy Banking Scott Bessent Trump Accounts U.S. Department of the Treasury Pennsylvania automatic enrollment press conference US 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 Government Business Federal Government Economy Education Financial Markets Financial Literacy and Education Commission U.S. Department of the Treasury Scott Bessent National Strategy for Financial Literacy Trump Accounts Financial Literacy Financial Education US 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 Government Business World Law Enforcement Federal Government Economy Trade Middle East Military Legal Operation Economic Outcast Iran sanctions U.S. Department of the Treasury OFAC Islamic Revolutionary Guard Corps Iranian automotive industry Scott Bessent US Treasury