Latest U.S. Department of the Treasury News

US sanctions ex-governor of Mexico's Nayarit state, judge

May. 17, 2019 5:23 PM EDT

MEXICO CITY (AP) — The U.S. Treasury Department slapped sanctions Friday on a Mexican former governor already under suspicion in his home state of Nayarit, along with a Mexican judge, under corruption and narcotics statutes for purported drug cartel ties. The department alleged that ex-Gov. Roberto...

US adds Venezuela foreign minister to sanctions target list

Apr. 26, 2019 4:29 PM EDT

CARACAS, Venezuela (AP) — The United States on Friday added Venezuela's foreign minister and a judge who has ruled against Venezuelan opposition figures to a sanctions list aimed at forcing a change of government in the South American country. The U.S. Treasury Department sanctions targeted Foreign...

US official lauds Cyprus' anti-money laundering efforts

Apr. 19, 2019 7:40 AM EDT

NICOSIA, Cyprus (AP) — A senior U.S. Treasury Department official says Cyprus has done "outstanding" work to curtail money laundering. Treasury Department Assistant Secretary Marshall Billingslea says Cyprus has made "enormous progress and improvements" in its legal framework as well as in law enforcement....

Russian company to invest in Kentucky aluminum mill

Apr. 15, 2019 4:09 PM EDT

FRANKFORT, Ky. (AP) — An aluminum company planning to build a $1.7 billion plant in Appalachia said Monday it's forging a partnership with a Russian company that until recently faced U.S. sanctions. Russian aluminum giant Rusal wants to invest $200 million in a Kentucky taxpayer-backed aluminum rolling...

Trump administration ends MLB/Cuba baseball deal

Apr. 8, 2019 5:57 PM EDT

HAVANA (AP) — The Trump administration is moving to end a deal allowing Cuban baseball players to sign contracts directly with Major League Baseball organizations. The change will once again require Cuban players to cut ties with their national program before signing with MLB. The Treasury Department told...