Latest U.S. Department of the Treasury News

US and EU pile new sanctions on Russia for the Ukraine war's 2nd anniversary and Navalny's death

Feb. 23, 2024 21:00 PM EST

WASHINGTON (AP) — The United States and European Union on Friday heaped hundreds of new sanctions on Russia in connection with the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. ...

So many sanctions on Russia. How much impact do they really have?

Feb. 23, 2024 15:00 PM EST

WASHINGTON (AP) — So many sanctions. Once again, the United States, United Kingdom and European Union are hitting Russia with a new wave of sanctions over Moscow's invasion of Ukraine. This time, they come in response to the death of noted Kremlin critic Alexei Navalny, who died in an Arctic...

Online fundraisers for violent West Bank settlers raised thousands, despite international sanctions

Feb. 23, 2024 06:30 AM EST

JERUSALEM (AP) — When the Biden administration imposed sanctions this month against Israeli settler Yinon Levi for allegedly assaulting Palestinian civilians in the occupied West Bank, his supporters quickly sprang into action. Within days, an online fundraiser collected over...

US is imposing more than 500 new sanctions on Russia's war machine, indicts Russian businessmen

Feb. 22, 2024 19:20 PM EST

WASHINGTON (AP) — The Treasury Department plans to impose more than 500 new sanctions on Russia and its war machine on Friday as the U.S. vows to keep up its financial pressure on Moscow with the war entering its third grueling year. The sanctions represent the largest single...

White House promises 'major sanctions' on Russia in response to Alexei Navalny's death

Feb. 20, 2024 15:20 PM EST

WASHINGTON (AP) — The White House said Tuesday it is preparing additional “major sanctions” on Russia in response to opposition leader Alexei Navalny's death last week in an Arctic penal colony. National Security Adviser Jake Sullivan said the sanctions, on the eve of the...

Guatemalan accused of importing fentanyl precursors for Mexican cartel arrested

Feb. 19, 2024 12:38 PM EST

TAPACHULA, Mexico (AP) — Mexican authorities have detained a Guatemalan man wanted by the United States for allegedly participating in the importation of precursor chemicals used by the Sinaloa cartel to make fentanyl, officials said Monday. Immigration authorities stopped Jason...

Treasury promoting new rules to stop money laundering ahead of Europe meetings

Feb. 15, 2024 10:02 AM EST

WASHINGTON (AP) — The Biden administration is stepping up efforts to stop dirty money from flowing through the U.S. financial system with a slew of new rules aimed at increasing corporate transparency and regulating occupations that are exploited for money laundering. As the...

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules

Feb. 14, 2024 15:19 PM EST

WASHINGTON (AP) — The U.S. on Wednesday imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkey — for allegedly helping to export goods and technology purchased from U.S. companies to Iran and the nation's central bank. Treasury’s...

Treasury proposes new anti-money laundering regulations for investment advisers

Feb. 13, 2024 09:03 AM EST

WASHINGTON (AP) — The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system. The Treasury Department's Financial Crimes...

Wealth disparities by race grew during the pandemic, despite income gains, report shows

Feb. 10, 2024 10:09 AM EST

NEW YORK (AP) — A strong performance in financial markets, particularly an outsize gain for the stock market in 2021, helped entrench existing trends of wealth inequality during the pandemic, new data released this week show. According to a report from the New York Federal Reserve...