The Latest Breaking News from US Treasury Department

The U.S. Treasury Department said on Thursday it was taking joint action with Turkey against a network it said played a key role in money management, transfer and distribution for the Islamic State militant group operating in Iraq and Syria.

More good news comes in the fact that the US Treasury made it clear the commercial tax credit can be used to reduce the prices of an EV lease.

The United States on Wednesday imposed sanctions on Iranian officials, including the Prosecutor General and key military officials, over a crackdown on protests ignited by Mahsa Amini's death in police custody. The US Treasury Department in a statement said it imposed sanctions on Mohammad Montazeri, Iran’s Prosecutor General, accusing him…

In Colombia, they call it “muerte civil,” civil death. In the United States, some lawyers prefer to call it purgatory, while others describe it as being closer to hell.

US Treasury Department targets several Chinese fishing entities, accusing them of being involved in rights abuses.

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkish Deputy Foreign Minister Sedat Onal in a call on Wednesday that the price cap on Russian oil does not necessitate additional checks on ships passing through Turkish territorial waters, the U.S. Treasury Department said.

The United States, Japan and South Korea have imposed fresh sanctions on North Korean individuals and entities in response to Pyongyang's recent slew of missile tests. Washington's action, announced Thursday, blocks any assets of three North Korean officials in the United States, a largely symbolic step against an isolated country…

Washington and its allies are planning to finalize a price cap for Russian oil in "the next few days," as they seek to cut off a critical source of funding for Moscow, the US Treasury Department said Tuesday. The price cap would be the basis for a ban set to…

The United States on Thursday imposed sanctions on an international oil smuggling network it accused of supporting Lebanon’s Hezbollah and Iran's Quds Force, as Washington seeks to increase pressure on Tehran. In a statement, the US Treasury Department said it designated members of the network that facilitated oil trades and…

A senior US Treasury Department official traveled to Türkiye this week to discuss sanctions and export controls imposed on Russia following its invasion of Ukraine, the Treasury Department said. Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg traveled to Ankara and Istanbul from Monday through Wednesday, where she…

WASHINGTON: United States Deputy Treasury Secretary Wally Adeyemo will travel to Asia this week for a two-day meeting with finance ministers from the Asia-Pacific region and bilateral meetings in Thailand and Singapore, the US Treasury Department said on Tuesday.