Latest U.S. Department of the Treasury News

US sanctions 3 Nicaraguan officials for alleged abuses

Nov. 7, 2019 1:12 PM EST

WASHINGTON (AP) — The Trump administration on Thursday imposed sanctions on three Nicaraguan officials accused of human rights abuses, election fraud and corruption. The U.S. Department of Treasury's Office of Foreign Assets Control announced the sanctions, which block the officials from doing business...

Venezuela's opposition gets reprieve in battle to keep Citgo

Oct. 24, 2019 8:39 PM EDT

CARACAS, Venezuela (AP) — The White House on Thursday temporarily shielded Venezuela's opposition coalition led by Juan Guaidó from losing the country's prized U.S.-based Citgo refineries. The opposition is banking on profits from its Houston-based company to fund the crisis-torn nation's recovery...

US sanctions family accused of rampant graft in South Africa

Oct. 10, 2019 1:01 PM EDT

JOHANNESBURG (AP) — The U.S. Treasury Department on Thursday imposed sanctions on members of the Gupta family who face wide-ranging corruption allegations in South Africa during former president Jacob Zuma's tenure. The U.S. said it had placed Ajay, Atul and Rajesh Gupta and close associate Salim Essa on...

US sanctions squeezing Iran-backed Hezbollah in Lebanon

Oct. 4, 2019 7:49 AM EDT

BEIRUT (AP) — The conflict between Iran and the U.S. that has created tensions throughout much of the Middle East is now also being felt in Lebanon, where Washington has slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies, further deepening the tiny Arab...

US targets Russia in first step against meddling in midterms

Sep. 30, 2019 5:47 PM EDT

WASHINGTON (AP) — The Treasury Department on Monday took its first action in response to foreign interference in the 2018 midterm elections by placing the yacht and private planes of a Russian financier on an international sanctions list along with employees of a Russian troll farm he funded to spread...

Stocks climb as markets cap turbulent quarter with calm end

Sep. 30, 2019 5:40 PM EDT

NEW YORK (AP) — U.S. stocks climbed on Monday and gave one last nudge to ensure the S&P 500 emerged from yet another tumultuous quarter with a modest gain. As has been the case throughout the quarter, movements in President Donald Trump's trade war with China helped drive the market on Monday....

US official meets in Lebanon over anti-Hezbollah sanctions

Sep. 23, 2019 11:03 AM EDT

BEIRUT (AP) — A senior United States Treasury official was visiting Beirut on Monday, where he's explaining the motives behind recent U.S. sanctions targeting Lebanon's Iranian-backed Hezbollah group, Lebanon's central bank governor said. Treasury Department Assistant Secretary Marshall Billingslea met...

Saudis show media scorched, shrapnel-blasted oil facility

Sep. 20, 2019 2:49 PM EDT

BUQAYQ, Saudi Arabia (AP) — The heart of Saudi Arabia's oil industry remained wrapped in scaffolding Friday as workers sought to repair the charred innards and shrapnel-blasted arteries caused by drone-and-cruise-missile attacks that raised tensions between the U.S. and Iran. Saudi officials brought...