The financial institution was assisting Iran in evading sanctions. The Departments of State and Treasury announced that the Office of Foreign Assets Control (OFAC) placed sanctions on Russia’s VTB Bank…
Read MoreDepartment of the Treasury
FinCEN Identifies $17 Billion in Healthcare Fraud
Secretary Bessent said, “Treasury will continue working alongside our law enforcement partners to disrupt fraud wherever it occurs, protect Americans, and safeguard the integrity of taxpayer-funded programs.” The…
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Treasury Grounds Iranian Airlines with Sanctions
Secretary Bessent said anyone doing business with Iranian airlines risks being cut off from the global financial system. The U.S. Department of the Treasury’s Office of Foreign Assets…
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U.S. Mint Releases Semiquincentennial “Never Forget“ Half Dollar
The special “Enduring Liberty” coin commemorates September 11, 2001. The U.S. Mint opened orders for the semiquincentennial half dollar to the public the day before Patriot Day. The…
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Treasury Secretary Urges Banks to Safeguard U.S. Financial System
Banks are encouraged to help fight fraud perpetrated by illegal immigration in the U.S. Treasury Secretary Scott Bessent is implementing President Trump’s executive order regarding the role of banks in enforcing…
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OFAC Sanctions Iranian Financier and Shadow Exchange Houses
The Treasury Department reported that “the ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior.” The Department of the Treasury’s…
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Treasury Department Issues 60-Day Oil Sanctions Waiver for Iran
Secretary Bessent cited the “productive talks” in Switzerland and Iran’s commitments to uranium inspections and opening the Strait of Hormuz. Treasury Secretary Scott Bessent announced the Office of…
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Education and Treasury Departments Partner to Manage Federal Student Aid Portfolio
The Treasury will assist with collections and repayment efforts for the $1.7 trillion federal student aid system. The U.S. Departments of Education and the Treasury announced a Federal…
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President Announces Funding for Farm Subsidies
USDA secretary says the bridge funding “is absolutely necessary based on where we are right now.” President Donald Trump announced subsidies for farmers on Monday who are struggling…
Read MoreShannon Corless, Department of the Treasury
Shannon Corliss is Assistant Secretary for Intelligence and Analysis at the Department of the Treasury. She is part of the anti-terror decision-making team that assesses the flow of…
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