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The Latest Breaking News from Treasury Department

Yellen to attend G-20 sessions as US retreats on boycott idea

The U.S. backed further away from any suggestion that its officials would boycott Group of 20 meetings if their Russian counterparts attend, as the Treasury Department said Secretary Janet Yellen will participate in some sessions this week.

Tribune News Service

WBC boss Mauricio Sulaiman denies link to Tyson Fury’s ex-advisor Daniel Kinahan

Irishman Kinahan was last week hit with worldwide financial sanctions by the US Treasury Department.

The Independent UK

Yellen to push institutions to scale up response to war-fueled food security crisis

U.S. Treasury Secretary Janet Yellen will convene a high-level panel on Tuesday to discuss the global response to an ongoing food security crisis exacerbated by Russia's war against Ukraine, the Treasury Department said in a statement.

Reuters

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UFC’s Mounir Lazzez uneasy discussing Daniel Kinahan after in-cage praise of alleged Irish mob boss

The U.S. government recently put a $5 million bounty on Daniel Kinahan's head, so why was a UFC fighter praising him after a win?

USA Today Sports Media Group

Man whose villa was named as Kinahan cartel HQ insists he's no gangster and mob claim is a mystery

Exclusive: When we asked was he surprised that his home had been named by the US authorities he said 'of course. I don’t know why'. He insisted that he was not a criminal and had no links whatsoever to criminality, when asked

Irish Mirror

Biden to nominate crisis veteran Barr as fed banking supervisor

President Joe Biden will nominate Michael Barr, a Treasury Department veteran and one of the architects of the Dodd-Frank Act of 2010, as the U.S. Federal Reserve’s chief banking supervisor.

Tribune News Service

Biden will nominate Michael Barr as Fed’s banking supervisor

President Joe Biden will nominate Michael Barr, a Treasury Department veteran and one of the architects of the Dodd-Frank Act of 2010, as the U.S. Federal Reserve’s chief banking supervisor.

Tribune News Service

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US, allies aim to force Russia to shift money away from war

A Treasury Department official says the United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia’s money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine

The Independent UK

As We Build Towards Web3, We Need to Shift Our Focus Towards On-Chain KYC Solutions

As Web3 continues to develop, lawmakers and platforms are shifting their focus towards refining KYC, or know-your-customer, which serves as the barrier between Web3’s true calling for decentralization and centralized institution’s concerns for public good.

Benzinga

Exclusive-U.S. suspends tax information exchange with Russian authorities

The U.S. Internal Revenue Service has suspended information exchanges with Russia's tax authorities in a bid to hamper Moscow's ability to collect taxes and fund its war against Ukraine, the Treasury Department told Reuters on Tuesday.

Reuters

Treasury bars Russia payments in dollars from US accounts

The Treasury Department will not allow any Russian government debt payments from accounts at U.S. financial institutions to be made in U.S. dollars, an agency official says

The Independent UK

Biden To Propose Change To Obamacare To Extend Subsidies For Families: WSJ

The Biden administration is expected to propose a change in Affordable Care Act (ACA) subsidies to allow some people to afford health insurance for their families, writes Wall Street Journal. The proposed change, expected to be announced Tuesday, would recalculate what is considered affordable for a family with employer-based health insurance.…

Benzinga

U.S. seizes Russian oligarch's $90 million yacht in Spain

It's owner, a Russian oligarch and Putin ally, has been sanctioned by the Department of Treasury since at least 2018.

Axios

Battle heats up over remaining federal rental assistance

A debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds

The Independent UK

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Reuters

U.S. issues fresh North Korea sanctions after recent missile launches

The United States on Friday imposed sanctions on five entities it accused of providing support to North Korea's development of weapons of mass destruction and ballistic missile programs, increasing pressure on Pyongyang following a recent series of missile launches.

The Independent UK

Got a dime? Businesses seek Treasury help with coin shortage

Got a spare dime

Asharq Al-Awsat

US Targets Russia's Technology Sector in Fresh Sanctions

The United States on Thursday imposed fresh sanctions on Russia, targeting the technology sector, a sanctions evasion network and what it called "malicious cyber actors" while paving the way to act against additional sectors in response to President Vladimir Putin's assault on Ukraine. "We will continue to target Putin's war…

Asharq Al-Awsat

Saudi Arabia Blacklists 25 People, Entities over Houthi Financing

Saudi Arabia said Thursday that it added 25 people and entities from different nationalities to the country's terrorism list, saying they are involved in financing Yemen's Iran-backed Houthi militias. A statement by the presidency of State Security said that in coordination with the US Treasury Department - Office of Foreign…

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Reuters

U.S. issues sanctions over Iran ballistic missiles - Treasury

The United States is imposing sanctions on one person and his network of companies for providing assistance to Iran's ballistic missile program, the Treasury Department said on Wednesday.

Asharq Al-Awsat

US Issues Fresh Russia-related Sanctions

The United States on Thursday imposed fresh Russia-related sanctions over its invasion of Ukraine including sanctions against dozens of defense companies, 328 members of the Duma legislative body and the chief executive of Sberbank, the Treasury Department said. Gold-related transactions involving Russia may be sanctionable by US authorities, the Treasury…

Reuters

U.S. issues fresh Russia-related sanctions - Treasury website

The Independent UK

Pandemic relief money spent on hotel, ballpark, ski slopes

An Associated Press review finds that state and local governments have spent nearly $1 billion worth of federal coronavirus aid on projects that have little to do with combating the pandemic

The Independent UK

IRS unit gets no funds to enforce sanctions on rich Russians

The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package

Tribune News Service

GOP midterm gains could augur market-rattling debt limit fight

WASHINGTON — House Republicans are girding for battle over raising the nation’s borrowing cap next year if they retake the majority in the November elections.

Roll Call

GOP midterm gains could augur market-rattling debt limit fight - Roll Call

House Republicans are girding for battle over the nation’s debt ceiling if they retake the majority in the November elections.

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