Twenty years ago, in the wake of September 11th, @ustreasury was called upon to develop and deploy powerful economic tools to root out terrorist financing to keep our country safe. Out of that urgent need, the Office of Terrorism and Financial Intelligence (TFI) was established.

In response to Iran’s unprecedented attack on Israel, Treasury Department is taking swift and decisive action to impose new sanctions targeting the Iranian UAV program and major revenue generators, in a coordinated action with the United Kingdom. home.treasury.gov/news/press-rel…

It was great to host Gabriel Yorio here at Treasury Department to continue our joint work on combatting illicit finance, including drug trafficking, money laundering, human smuggling, and corruption.

Read more about our efforts here: home.treasury.gov/news/press-rel…

Treasury, in coordination with the UK, issued new prohibitions on Russian aluminum, copper, and nickel. Today's action will reduce Russia's revenues while protecting against unwanted spillover effects. home.treasury.gov/news/press-rel…

Treasury is taking action against Hamas by targeting Gaza- and Lebanon-based leaders of the terrorist group’s offensive cyber and unmanned aerial vehicle operations. The European Union is concurrently imposing sanctions targeting Hamas. home.treasury.gov/news/press-rel…

Second, we agreed to establish a Joint Treasury Department-People’s Bank of China Cooperation and Exchange on Anti-Money Laundering. This new effort will enable the U.S. and China to share best practices and provide updates on cooperation against illicit finance and financial crime.

Today Treasury Department targeted revenue generation for the Iranian military by sanctioning a network facilitating shipments worth hundreds of millions of dollars, including via ship-to-ship oil transfers. home.treasury.gov/news/press-rel…

New US companies created or registered in 2024 have 90 days to report beneficial ownership information.

Today is the first rolling filing deadline and covers companies formed on Jan 1st.

If you created a company in Jan 2024, your deadline is this month! Fincen.gov/boi

Treasury has sanctioned 6 entities, 2 people and 2 tankers across 5 countries who are involved in the financing or shipping of oil for the IRGC-QF, the Houthis, and Hizballah – another step in the campaign to disrupt IRGC-QF support to terrorist proxies. home.treasury.gov/news/press-rel…

In a report published today, FATF announced that the US has been upgraded to 'largely compliant' with a key international standard for beneficial ownership transparency. The report highlights Treasury's historic efforts to counter illicit finance.

home.treasury.gov/news/press-rel…

Treasury is taking action in coordination with the Kingdom of Bahrain against key operatives and a financial facilitator for terrorist group Al-Ashtar Brigades. Today’s action underscores our collective commitment to disrupting Iran’s destabilizing forces. home.treasury.gov/news/press-rel…

So glad to welcome Black national security professionals across the federal workforce to the White House today in celebration of Black History Month.  Thank you for all you do to advance U.S. foreign policy and keeping our Homeland safe.

Join me at Hudson Institute for a discussion with Treasury Department's Under Secretary Brian Nelson Brian Nelson on how new financial transparency measures will help combat money laundering and sanctions evasion.

Watch live at 2:30 PM (EST) or sign up to attend in-person below!
hudson.org/events/under-s…

Our new piece on the rising wedge between Russian and global oil prices. Putin’s own oil czar concedes that price cap enforcement is forcing Russia to accept less for its oil sales. Today’s actions against Sovcomflot will help keep this trend up. home.treasury.gov/news/featured-…

Today, Treasury is taking action to reduce Russia’s revenue from oil sales by targeting state-owned Sovcomflot, Russia’s largest shipping company. These actions work to limit Kremlin profits, while promoting stable energy markets. home.treasury.gov/news/press-rel…

As we near the two-year anniversary of Russia’s illegal war, I spoke today at @CFR_Org about the work we are doing to disrupt Russia’s war machine and support the Ukrainian people. 1/2 home.treasury.gov/news/press-rel…

Looking forward to discussing Treasury’s busy month of action to protect the U.S. financial system from illicit finance.

Today, Treasury's Financial Crimes Enforcement Network (FinCEN) announced a proposed rule to curb illicit finance in the U.S. residential real estate market. This action reflects our commitment to combatting corruption and safeguarding our economic and national security.

I had a very productive visit to Iraq this week. I traveled to Baghdad to continue Treasury’s longstanding work with the Government of Iraq to strengthen the Iraqi economy and protect both the U.S. and Iraqi financial systems from abuse. home.treasury.gov/news/press-rel…