All Department of Treasury articles

  • Treasury
    Article

    Bill demands ownership reveals for shell companies

    2019-06-11T15:08:00Z

    The newly proposed ILLICIT CASH Act would, for the first time, require shell companies to disclose their true owners to the U.S. Department of Treasury.

  • PDVSA
    Blog post

    U.S. Treasury sanctions Petroleos de Venezuela

    2019-01-29T11:30:00Z

    The Department of the Treasury’s Office of Foreign Assets Control has designated Venezuelan state-owned oil company Petroleos de Venezuela under Executive Order 13850 for operating in the oil sector of the Venezuelan economy.

  • USRussia
    Blog post

    Treasury lifts sanctions on Rusal, En+, ESE

    2019-01-29T11:15:00Z

    The U.S. Department of Treasury announced that it has lifted sanctions on three companies controlled by Russian oligarch Oleg Deripaska: power company EuroSibEnergo, aluminum producer UC Rusal, and Rusal’s parent company, En+ Group. Following this news, En+ Group announced an overhaul of its board of directors.

  • Blog post

    Bitcoin ‘addresses’ added to sanctions screening

    2018-11-29T13:45:00Z

    For the first time, the Treasury Department has added digital currency identifiers on its sanctions blacklist. It has also drafted new guidance on how those transactions should be identified and reported.

  • Article

    Government clears way for FinTech firms to compete with banks

    2018-08-01T12:00:00Z

    In separate developments announced July 31, the U.S. Department of Treasury and the Office of the Comptroller of the Currency paved the way for FinTech firms and other non-banks to more easily compete with traditional banks. Once again, opponents are threatening legal action.