All U.S Treasury Department articles

  • Blog post

    FinCEN escalates crackdown on shell companies

    2017-08-25T10:45:00Z

    The Financial Crimes Enforcement Network has expanded efforts to require that title insurance companies identify the true owners behind shell companies used to pay for high-end real estate.

  • Blog post

    Another Goldman Sachs alumni nominated for top Treasury post

    2017-03-15T09:15:00Z

    With Secretary of the Treasury Steve Mnuchin now in place, the Trump Administration is looking to add another Goldman Sachs executive to a top post at the Treasury Department. James Donovan, a managing director at Goldman Sachs, has been nominated as deputy secretary.

  • Blog post

    Treasury issues final debt-equity rules with carveouts

    2016-10-14T12:45:00Z

    The U.S. Treasury has issued final regulations on debt-equity treatment, with some changes meant to narrow the scope to target most troublesome transactions. More from Tammy Whitehouse.

  • Blog post

    Treasury Moves to Shine a Light on Real Estate Transactions

    2016-02-01T14:30:00Z

    Recently, the U.S. Treasury Department said it would begin demanding to know the names of folks behind the shell companies, which ultra-wealthy foreigners use to hide behind multimillion-dollar real estate purchases. Efforts by the U.S. Treasury Department to police more closely large cash purchases of real estate as a method ...

  • Blog post

    U.S. Treasury Proposes Country-by-Country Tax Reporting

    2016-01-07T12:45:00Z

    The U.S. Treasury Department has issued proposed regulations that would require the ultimate parent entity of multinational enterprises to report tax info to Treasury annually on a country-by-country basis. Companies would be required to provide information related to the multinational entity’s income and taxes paid in each tax jurisdiction along ...

  • Blog post

    Treasury Official to Banks: Manage Risk, Don’t Avoid It

    2015-11-20T16:15:00Z

    During remarks this week at the American Bankers Association and the American Bar Association Money Laundering Enforcement conference, Treasury Acting Under Secretary Adam Szubin provided some clarity on de-risking and anti-money laundering controls. “We believe that most risks can and should be managed, not simply avoided altogether,” he said. More ...

  • Blog post

    FCA: Banks Should Rethink Derisking Strategies

    2015-04-29T13:45:00Z

    The Financial Conduct Authority warns that banks should rethink their anti-money laundering strategies in light of reports that financial institutions have nixed services to customers that may pose potential money-laundering risks. The agency says, “These policies and procedures must be comprehensive and proportionate to the nature, scale, and complexity of ...