The Latest Breaking News from Treasury Department

New land appraisal rules rile hoteliers

Hotels are crying foul over the new land appraisal rules the Treasury Department is set to apply for the land and building tax from next year, saying the decision could deeply hurt the hospitality sector.

Bangkok Post · Jul 1, 2022

U.S. blocks $1 billion in Delaware trust linked to Russian oligarch with ties to Putin

A seized superyacht that U.S. officials say is linked to Suleiman Kerimov is also in U.S. custody.

Axios · Jul 1, 2022

Treasury blocks $1 billion trust owned by Russian oligarch

The Treasury Department has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov

The Independent UK · Jun 30, 2022

U.S. Treasury's Adeyemo discussed Russia sanctions implementation in Turkey visit

U.S. Deputy Treasury Secretary Wally Adeyemo traveled to Turkey this week where he discussed Russia's invasion of Ukraine and the enforcement of sanctions imposed on Moscow, the Treasury Department said in a statement on Saturday.

Reuters · Jun 25, 2022

US sanctions Nicaraguan gold mining firm over ties to Russia

The U.S. has imposed sanctions on Nicaragua’s state-owned gold mining company and the president of its board of directors partly over the Central American nation’s ties to Russia

The Independent UK · Jun 17, 2022

US Pressures Iran with New Sanctions

The United States on Thursday imposed sanctions on Chinese and Emirati companies and a network of Iranian firms that help export Iran's petrochemicals, a step that may aim to raise pressure on Tehran to revive the 2015 Iran nuclear deal. The US Treasury department said it had imposed penalties on…

Asharq Al-Awsat · Jun 17, 2022

US adds Taiwan, Vietnam to currency monitoring list that includes Thailand

No major US trading partners such as China have been labeled as manipulating their currencies, but Taiwan and Vietnam were added to a "monitoring list" of foreign exchange policies, the Treasury Department said on Friday.

Bangkok Post · Jun 11, 2022

Senate panel backs Michael Barr, Biden pick as Fed regulator

The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate

The Independent UK · Jun 8, 2022

Four states receive first allocations of $10B broadband fund

The U.S. Treasury Department is sending more than half a billion dollars to expand broadband access in four U.S. states

The Independent UK · Jun 7, 2022

Amid crypto turmoil, senators propose sweeping oversight

A bipartisan pair of senators has unveiled what would be the most wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets

The Independent UK · Jun 7, 2022