Tag: us_treasury
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Treasury Sanctions Tren de Aragua ATM Jackpotting Network After Millions Stolen From U.S. Banks
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
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Treasury and Education Departments Launch Online Portal for Defaulted Student Loan Borrowers
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
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Financial Stability Oversight Council Meets on Q3 Monitoring, Household Resilience and Regulatory Reform
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
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OFAC Overhauls Sanctions Rules, Expands Cuba and Iran Measures
Treasury's OFAC is cutting over 100 CFR subparts, folding E.O. 13902 into Iran sanctions, and implementing new Cuba-related rules, FAQs and an alert on expanded sanctions risk.
Politics and GovernmentUSACubaIranFederal GovernmentLegalTradeMiddle East OFACUS Department of the TreasuryCuba sanctionsIran sanctionsCode of Federal RegulationsExecutive Order 13902Cuban Assets Control RegulationsUS Treasury
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Treasury Sanctions Nearly 50 Sinaloa Cartel Targets, Including New Los Mayos Leader "Mayito Flaco"
OFAC designated 21 individuals and 25 entities tied to the Sinaloa Cartel, targeting Los Mayos leader Ismael Zambada Sicairos, Tijuana plaza bosses and corrupt Baja California officials.
Politics and GovernmentLaw EnforcementBusinessUSAMexicoFederal GovernmentLegalFinancial MarketsSocial IssuesLatin America Sinaloa CartelOFACMayito FlacoTreasury sanctionsBaja CaliforniaScott BessentLos MayosUS Treasury
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Treasury Sanctions 10 Targets Over Iran Weapons Procurement Under Operation Economic Outcast
OFAC sanctions 10 individuals and entities across China, Hong Kong, Pakistan, Saudi Arabia and Türkiye for procuring weapons and components for Iran's MODAFL under Operation Economic Outcast.
Politics and GovernmentBusinessConflictLaw EnforcementFederal GovernmentMilitaryTradeMiddle EastAsiaLegal Operation Economic OutcastOFACMODAFLIran sanctionsScott BessentExecutive Order 13382weapons procurementUS Treasury
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Bessent Urges Lebanon to Disrupt Hizballah Financial Networks
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
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Treasury Secretary Bessent Names Dr. David Zervos as Counselor in the Office of the Secretary
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
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OFAC Consolidates Sanctions Penalties Rules, Amends Syria Terrorism List Regulations
Treasury's OFAC is consolidating enforcement and penalties procedures into new Sanctions Penalties Regulations, amending Terrorism List Governments Sanctions Regulations after Syria's rescission, and releasing a TSRA licensing report.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentTradeLegalMiddle EastBanking OFACSanctions Penalties RegulationsSyriaState Sponsor of TerrorismTrade Sanctions Reform and Export Enhancement ActIranTerrorism List Governments Sanctions RegulationsUS Treasury
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Treasury Sanctions BitBank, Iranian Crypto Exchange Used to Send Bitcoin to IRGC
OFAC designated BitBank, developer Pishtaz Simorgh and three Zanjani associates under Operation Economic Outcast, saying the exchange moved hundreds of millions in Bitcoin to the IRGC.
Politics and GovernmentBusinessLaw EnforcementIranUSAFederal GovernmentFinancial MarketsBankingLegalMiddle East OFACBitBankBabak ZanjaniOperation Economic OutcastIran sanctionsIslamic Revolutionary Guards CorpsDigital assetsUS Treasury
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Bessent Tells House Panel Trump's Growth Agenda Is Restoring American Strength at Home and Abroad
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
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Treasury Welcomes Revised GloBE Information Return, Implementing Trump's Day One Executive Order
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
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U.S. Mint Unveils 9/11 25th Anniversary Half Dollar
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
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Treasury Uncovers $17.5 Billion in Suspected Health Care Fraud
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
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US Treasury Sanctions Xinbi Guarantee Over Cyber Scam Operations Targeting Americans
The US Treasury has sanctioned Xinbi Guarantee, a Chinese-language platform, and two supporting entities for facilitating cyber scams and money laundering targeting Americans. This action, coordinated with the DOJ, aims to dismantle overseas criminal enterprises.
Politics and GovernmentBusinessLaw EnforcementWorldFederal GovernmentEconomyLegalComputers and InternetAsia US TreasuryOFACXinbi GuaranteeCybercrimeSanctionsMoney LaunderingSoutheast Asia
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Treasury Secretary Scott Bessent Engages in Fireside Chat at SMU Cox School of Business
U.S. Treasury Secretary Scott Bessent is participating in a fireside chat at the SMU Cox School of Business in Dallas, Texas, starting at 4 PM CT, to discuss economic and financial matters.
Politics and GovernmentBusinessFederal GovernmentEconomyEducation Scott BessentU.S. TreasurySMU Cox School of BusinessDallasFireside ChatFinanceUS Treasury
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US Treasury Imposes Sweeping Sanctions on All Remaining Iranian Airlines
The U.S. Treasury has imposed sweeping sanctions on 36 targets, including all remaining Iranian airlines, under 'Operation Economic Outcast.' This action aims to sever financial lifelines to the Iranian regime, which uses its aviation sector for illicit activities and moving…
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeMiddle EastLegal GovernmentInternational RelationsSanctionsIranAviationMahan AirUS Treasury
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Treasury, IRS Propose End to Tax-Exempt Status for Discriminatory Private Schools
The Treasury Department and IRS have proposed new regulations to revoke federal tax-exempt status from private schools engaging in racial discrimination. This move aligns with President Trump's executive orders, affecting up to 18,000 institutions and clarifying nondiscrimination standards.
Politics and GovernmentBusinessFederal GovernmentEducationLegalSocial IssuesGeneral Politics US Department of the TreasuryIRSTax-Exempt StatusRacial DiscriminationPrivate SchoolsEducation PolicyCivil RightsUS Treasury
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G20 Finance Leaders Convene in Asheville to Tackle Global Economic Challenges
G20 Finance Ministers and Central Bank Governors met in Asheville, North Carolina, addressing global economic growth, financial stability, sovereign debt, and financial literacy. They emphasized private sector engagement and responsible AI development.
BusinessPolitics and GovernmentScience & TechnologyWorldEconomyFinancial MarketsBankingArtificial IntelligenceEducationFederal Government G20AshevilleGlobal EconomyFinancial StabilitySovereign DebtFinancial LiteracyUS Treasury
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US Treasury Secretary Bessent Meets Bank of Japan Governor Ueda on Yen Undervaluation
US Treasury Secretary Scott Bessent met with Bank of Japan Governor Kazuo Ueda at the G20 in Asheville, North Carolina, to discuss macroeconomic priorities, monetary policy, and the yen's undervaluation.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingFinancial Markets Scott BessentKazuo UedaUS TreasuryBank of JapanG20AshevilleYenMonetary Policy
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Secretary Bessent to Participate in G20 Finance Sessions
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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G20 Finance Leaders Convene in Asheville, U.S. Prioritizes Global Growth and Financial Stability
G20 finance leaders meet in Asheville, North Carolina, with the U.S. Treasury pushing for global economic growth, private investment, and updated financial rules. The meeting also highlights North Carolina's post-Hurricane Helene recovery and strong economic performance.
Politics and GovernmentBusinessWorldGeneral PoliticsFederal GovernmentEconomyFinancial MarketsEmployment and LaborEducation G20AshevilleUS TreasuryEconomic GrowthFinancial RegulationSovereign DebtNorth Carolina
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US Treasury Targets Banque Misr UAE, Sanctions Iranian Financial Facilitators
The U.S. Treasury proposes revoking Banque Misr UAE's access to the U.S. financial system and sanctions key individuals and entities, alleging billions processed for Iran's shadow banking networks under Operation Economic Outcast.
Politics and GovernmentBusinessConflictFederal GovernmentEconomyBankingMiddle EastLegalMilitary U.S. TreasuryIran sanctionsBanque Misr UAEFinancial Crimes Enforcement Network (FinCEN)Office of Foreign Assets Control (OFAC)Operation Economic OutcastMoney launderingUS Treasury
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US Treasury Launches 'Operation Economic Outcast' Against Iran
The US Treasury has initiated 'Operation Economic Outcast,' an unprecedented campaign to sever Iran's global economic lifelines. Secretary Scott Bessent announced new sanctions targeting key sectors and entities, demanding international cooperation to isolate the regime.
Politics and GovernmentBusinessConflictWorldGeneral PoliticsFederal GovernmentEconomyTradeMiddle EastMilitary TreasuryIranOperation Economic OutcastSanctionsScott BessentNuclear WeaponsUS Treasury
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US Eases Syria Sanctions, Removes HTS from Terror List While Designating New Affiliates
The U.S. Treasury and State Departments have lifted sanctions on Syria and removed Hay’at Tahrir al-Sham (HTS) from terror lists, aiming to boost investment and stability. Concurrently, two former HTS affiliates were designated for continued support to al-Qa’ida.
Politics and GovernmentBusinessConflictFederal GovernmentEconomyFinancial MarketsMiddle EastLegalGeneral Politics SyriaSanctions ReliefHay’at Tahrir al-ShamTerrorismU.S. Department of the TreasuryU.S. Department of StateAl-Qa’idaUS Treasury
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Treasury Launches 'Operation Economic Outcast' Against Iran, Expanding Sanctions
The U.S. Treasury has launched "Operation Economic Outcast" against Iran, expanding sanctions across key sectors like digital assets, oil, and shipping. The campaign aims to sever financial lifelines and isolate the regime, with warnings of secondary sanctions for global partners.
Politics and GovernmentBusinessConflictWorldFederal GovernmentEconomyFinancial MarketsComputers and InternetMilitaryLegal IranUS TreasurySanctionsEconomic OutcastDonald TrumpIRGCCybercrimeOilShippingDigital Assets
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Treasury Secretary Bessent Holds Press Conference
U.S. Treasury Secretary Scott Bessent is holding a press conference today, August 24, 2026, at 1 PM EDT in Washington, D.C., to address current financial matters.
Politics and GovernmentBusinessMediaFederal GovernmentEconomyFinancial Markets Scott BessentU.S. TreasuryPress ConferenceWashington D.C.GovernmentBusiness and FinancePublic AffairsUS Treasury
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U.S. Treasury Sanctions Major Ecuador-Based Cocaine Network Linked to Violent Gangs and Mexican Cartels
The U.S. Treasury has sanctioned 15 Ecuador-based targets and 10 vessels, disrupting a major cocaine network linked to violent gangs Los Choneros and Los Lobos, and Mexican cartels. This action aims to curb drug flow to the U.S. and dismantle…
Politics and GovernmentLaw EnforcementBusinessWorldFederal GovernmentLegalEconomyLatin AmericaSocial IssuesMilitary U.S. TreasuryOFACEcuadorCocaine TraffickingSanctionsMexican CartelsNarcoterrorismUS Treasury
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U.S. Treasury Sanctions Hizballah Cash Smuggling Network, Re-designates Group for IRGC-QF Ties
The U.S. Treasury sanctioned 10 individuals and re-designated Hizballah for operating a multi-million dollar cash smuggling network across Lebanon, Turkiye, UAE, and Iran. This action targets Hizballah's illicit financing and its deep ties to Iran's IRGC-QF.
Politics and GovernmentBusinessConflictWorldFederal GovernmentEconomyBankingMiddle EastLegalLaw Enforcement HizballahUS TreasurySanctionsIRGC-QFCash SmugglingTurkeyLebanon
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Treasury Proposes Low-Cost Investment Rules for Trump Accounts
The U.S. Treasury has proposed new guidance for Trump Accounts, emphasizing low-cost, diversified investments to maximize children's long-term savings by limiting fees and complex strategies, with SPYM as the default.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsGeneral Politics US TreasuryTrump AccountsInvestment RulesScott BessentFrank BisignanoETFsFinancial Planning