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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Federal Authorities Investigate Millions in Cash Leaving U.S. Airports
Ongoing probes examine declared currency movements and potential fraud links. The Department of the Treasury, Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), and Homeland Security Investigations…
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Treasury Sanctions Firms and Vessels Linked to Venezuelan Oil Trade
OFAC action targets companies and tankers operating in sanctioned sectors. The Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against four companies involved in Venezuela’s oil…
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President Designates Fentanyl as a Weapon of Mass Destruction
Under the new executive order, stricter measures to crack down on the sale of illegal fentanyl will be put into place. President Donald Trump signed an executive order…
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Treasury Secretary Responds to Governors Blocking Tax Cuts
He calls the block “political obstruction.” Treasury Secretary Scott Bessent responded to the refusal of the governors of the states of New York, Colorado, Illinois, and the District…
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IRS Releases Guidance for Tax Deductions on Tips and Overtime
Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…
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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 MorePresident Takes Steps to Designate Muslim Brotherhood as FTO
The order places sanctions against group chapters in Lebanon, Jordan, and Egypt. President Donald Trump signed an executive order last week, beginning the process of designating certain chapters…
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Treasury Department Launches Audit of Federal Contracting Practices
The review focuses on the potential misuse of small-business contracting programs. The Department of the Treasury recently announced a comprehensive audit of preference-based federal contracts totaling about $9…
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Treasury Department Announces Exchange Agreements with Thailand and Malaysia
They jointly confirm the continued “close consultations on macroeconomic and foreign exchange matters.” After Treasury Secretary Scott Bessent’s recent trip to Asia, the U.S. Department of the Treasury…
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