Tag: us_treasury

• 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 GovernmentBusinessUSAChinaWhite HouseFederal GovernmentTradeEconomyAsia Scott BessentHe LifengJameison GreerBusan arrangementU.S. Department of the TreasuryChina tradeTrump AdministrationUS Treasury

• 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 GovernmentBusinessUSAState GovernmentsEconomyReal EstateFederal GovernmentTax Policy Opportunity ZonesMike DeWineOhio Department of DevelopmentLydia Mihalikcensus tractsfederal tax incentiveseconomic developmentOhio Governors OfficeU.S. Department of the TreasuryInternal Revenue ServiceWorking Families Tax CutsScott Bessentrural communitiesTax Cuts and Jobs ActUS Treasury

• 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 GovernmentBusinessLaw EnforcementFederal GovernmentBankingFinancial MarketsLegalAsia OFAC sanctionsPrince Group Transnational Criminal Organizationcyber-enabled fraudU.S. Department of the TreasuryScott Bessentmoney launderingdigital asset scamsUS Treasury

• Treasury Sanctions India-Based Couple Accused of Running Global Maritime Fraud Network for Iran's Shadow Fleet

  4 Nov 2026 1:08 p.m. · Source: US Treasury

  Treasury's Operation Economic Outcast targets Suniel Kumar Sharma and Jaspreet Preeti Shahid, accused of selling false flags and fake certifications to sanctioned tankers carrying Iranian oil, plus a Türkiye ground handler.

  Politics and GovernmentBusinessConflictFederal GovernmentEconomyTradeMilitaryTransportation Operation Economic OutcastOFACIran sanctionsshadow fleetSuniel Kumar SharmaFugo Ground Services Incmaritime fraudUS 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 GovernmentBusinessWorldFederal GovernmentEconomyEnergyLatin America Scott BessentOliver BlancoU.S. Department of the TreasuryVenezuelaTrump Administrationenergy productionfinancial sectorUS 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.

  BusinessPolitics and GovernmentEconomyBankingFinancial MarketsFederal Government U.S. Department of the Treasurymarketable borrowingQuarterly Refundingfederal debtgovernment financecash balanceUS 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 GovernmentLaw EnforcementHealthFederal GovernmentLegalSocial IssuesBusinessBankingFinancial Markets fraud preventionScott BessentMinnesotaMedicaid fraudFinCENU.S. Department of the TreasuryFBIUS Treasurymoney services businessescharities and non-profit organizationsWhite House Task Force to Eliminate FraudFinancial Crimes Enforcement NetworkFeeding Our Futurefraudmoney 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 GovernmentHealthLaw EnforcementFederal GovernmentWhite HouseSocial Issues Scott BessentU.S. Department of the TreasuryWar on FraudKash PatelMehmet OzAndrew FergusonSt. Cloud, MinnesotaUS Treasury

• US Treasury Issues Amended Iran General License FF-1 to Wind Down International Development Bank Transactions

  29 Oct 2026 2:35 p.m. · Source: US Treasury

  OFAC issues amended Iran General License FF-1 authorizing the wind down of transactions involving the International Development Bank for Investment and Finance.

  Politics and GovernmentBusinessIranUSAFederal GovernmentBankingTradeLegal OFACIran General License FF-1International Development Bank for Investment and FinanceUS Department of the TreasurysanctionsUS 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 GovernmentBusinessScience & TechnologyLaw EnforcementFederal GovernmentEconomyBankingComputers and InternetAsia OFAC sanctionsNorth Korea IT workersU.S. Department of the TreasuryScott Bessentcryptocurrency money launderingFirst Financial and Technical Development Centersanctions evasionUS Treasury

• US Sanctions Rwandan Defence Ministry and Bank Over M23 Support

  28 Oct 2026 10:33 a.m. · Source: US Treasury

  Treasury's OFAC sanctions Rwanda's Ministry of Defence and Zigama Credit and Savings Society, accusing them of backing M23 rebels and smuggling gold and minerals from eastern DRC.

  Politics and GovernmentConflictBusinessAfricaFederal GovernmentMilitaryBankingTrade OFAC sanctionsRwandan Ministry of DefenceZigama Credit and Savings SocietyM23Democratic Republic of the CongoWashington Accords for Peace and ProsperityScott BessentUS Treasury

• 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 GovernmentBusinessScience & TechnologyFederal GovernmentEconomyTradeArtificial IntelligenceLegal U.S. Department of the TreasuryOutbound Investment Security ProgramCOINS ActScott Bessentsemiconductor technologiesbiotechnologynational securityUS Treasury

• Bessent Meets Paraguay's Peña to Discuss Economic Partnership

  22 Oct 2026 4:27 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent met Paraguayan President Santiago Peña in Washington to discuss the growing economic partnership and welcomed Paraguay's commitment to secure critical minerals supply chains.

  Politics and GovernmentBusinessUSAParaguayFederal GovernmentTradeEconomyLatin America Scott BessentSantiago PeñaUS Treasurycritical mineralseconomic partnership

• 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 GovernmentBusinessReal EstateFederal GovernmentWhite HouseEconomyLegal U.S. Department of the TreasuryROAD to Housing ActScott Bessentsingle-family homesinstitutional investorshomeownershipExecutive Order 14376US 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 GovernmentBusinessConflictLaw EnforcementFederal GovernmentTradeMilitaryEnergyBankingLegal Operation Economic OutcastKarnakis and KarnakisIran sanctionsU.S. Department of the Treasuryshadow fleetFinCENScott BessentFinancial Crimes Enforcement NetworkOffice of Foreign Assets ControlRoxette Maritime Shipping and TradingUS 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

• US-Ukraine Fund Approves Energy and Critical Minerals Investments

  2 Oct 2026 3:37 p.m. · Source: US Treasury

  The U.S.-Ukraine Reconstruction Investment Fund approved new deals in critical minerals, combined heat and power, and battery storage, deepening the economic partnership between Washington and Kyiv.

  BusinessPolitics and GovernmentUkraineUSAEconomyEnergyTradeFederal Government URIFScott BessentCritical MineralsEnergy SecurityDTEKBGV Group ManagementUS Treasury

• Treasury Sanctions Hamas Financiers Over $2 Million Sham Charity Scheme

  2 Oct 2026 11:46 a.m. · Source: US Treasury

  OFAC designates a Hamas Al-Qassam Brigades member and two France-based individuals accused of funneling more than $2 million to Hamas through fake charities and cryptocurrency.

  Politics and GovernmentConflictLaw EnforcementUSAFranceFederal GovernmentBankingMilitaryLegalMiddle East HamasOFACTreasury sanctionsScott BessentAl-Qassam BrigadesCryptocurrencyTerrorism financingUS Treasury

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