The initiative brings regulators and industry together to examine artificial intelligence in financial services. The Financial Stability Oversight Council (FSOC) and the Treasury Department’s Artificial Intelligence Transformation Office…
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Treasury Secretary Takes More Steps to Address Fraud Against Federal Healthcare Programs
FinCEN also issued an advisory for financial institutions after launching a whistleblower website. Treasury Secretary Scott Bessent announced that financial institutions are being encouraged to alert Financial Crimes…
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Treasury Secretary Meets with China’s Vice Premier in France
Secretary Bessent and U.S. Trade Representative Greer are holding economic discussions ahead of President Trump’s visit to China. U.S. Treasury Secretary Scott Bessent is meeting with Vice Premier He…
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U.S. Imposes Visa Restrictions and Sanctions for Rwandan Violations of Peace Accords
Measures target Rwandan military officials and entities accused of supporting the armed group M23. The U.S. Department of State announced visa restrictions on several senior Rwandan officials in…
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Treasury Announces Initiative to Strengthen Cybersecurity and Risk Management for AI
Industry leaders and government officials will collaborate in a new AI oversight group. The Department of the Treasury announced the Artificial Intelligence Executive Oversight Group (AIEOG), part of…
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Treasury Department Releases New Resources to Guide Financial Sector AI Use
New tools are intended to standardize artificial intelligence governance and oversight across financial institutions. The U.S. Department of the Treasury released two resources to guide the use of…
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President Trump Signs Law to Prevent Payments to Deceased Individuals
Bipartisan measure strengthens protections within federal benefit systems. President Donald Trump recently signed the Ending Improper Payments to Deceased People Act. The bipartisan legislation is intended to prevent…
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Brandon Beach, Treasurer, Department of the Treasury
Brandon Beach, Treasurer, Department of the Treasury
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OFAC Sanctions Iran’s “Shadow Fleet” of Oil Vessels
The agency says that the Iranian ships carry products that fund proxies and missiles. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on…
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U.S. Designates 3 Muslim Brotherhood Chapters as Terrorist Organizations
State and Treasury Departments impose sanctions citing security concerns. The U.S. recently designated the Lebanese, Jordanian, and Egyptian branches of the Muslim Brotherhood as a Foreign Terrorist Organization…
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