Latest U.S. Department of the Treasury News

U.S. to expand control of land sales to foreigners near 56 additional military sites

Jul. 08, 2024 13:49 PM EDT

WASHINGTON (AP) — The U.S. wants to expand a Treasury committee's jurisdiction to review land sales near U.S. military sites where foreigners are the buyers. New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States' powers to review land...

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Jul. 02, 2024 22:34 PM EDT

TANGIERS, Morocco (AP) — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and...

New US sanctions against Russia target weapons development, ban uranium imports for nuclear power

May. 01, 2024 16:48 PM EDT

WASHINGTON (AP) — The United States on Wednesday imposed new sanctions on hundreds of companies and people tied to Russia's weapons development program, more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties, and individuals linked to the death of...

Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations

Apr. 19, 2024 14:51 PM EDT

WASHINGTON (AP) — A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday. SCG Plastics Co. used U.S. banks to process $291 million in sales of Iranian...

Lebanon says Israeli agents likely killed Hezbollah-linked currency exchanger near Beirut

Apr. 18, 2024 04:05 AM EDT

BEIT MERI, Lebanon (AP) — Lebanon’s interior minister alleged Wednesday that the mysterious abduction and killing of a Hezbollah-linked Lebanese currency exchanger in a villa on the edge of a quiet mountain resort town earlier this month was likely the work of Israeli intelligence operatives. ...