Washington, July 25 (IANS) A bipartisan group of influential US senators has urged Treasury Secretary Scott Bessent to impose sanctions on support vessels that enable China’s vast distant-water fishing fleet, arguing that targeting the logistical backbone of the operation would disrupt what they described as widespread illegal fishing, environmental destruction and forced labour linked to the Chinese Communist Party.Led by Senator Ted Cruz, chairman of the Senate Foreign Relations Subcommittee o…
Latest Treasury Department News & Updates
Washington, July 17 (IANS) The Trump administration announced a new visa restriction policy targeting foreign nationals linked to far-left terrorist and aligned groups, as Secretary of State Marco Rubio opened a ministerial with representatives from more than 60 countries to coordinate efforts against what he described as the resurgence of transnational political terrorism.The new policy will restrict entry into the United States of foreign nationals who have “supported or incited acts of terror…
Washington, July 16 (IANS) The Trump administration on Wednesday announced an expanded effort to disrupt the financing of organisations it accuses of supporting political terrorism, with Treasury Secretary Scott Bessent saying the United States would intensify scrutiny of charities, non-profit organisations and international financial networks used to channel illicit funds.Bessent, addressing the State Department’s Ministerial on the Resurgence of Political Terrorism, said terrorist organisation…
Washington, July 15 (IANS) The White House has launched Gold Eagle, an artificial intelligence-powered clearing house which is designed to identify and patch cybersecurity vulnerabilities across critical US infrastructure at unprecedented speed and scale.The initiative brings federal agencies, open-source software partners and private infrastructure companies into a coordinated system. It will receive, assess and prioritise cyber vulnerabilities before passing actionable information to governmen…
Washington, July 8 (IANS) The United States on Tuesday launched a new wave of CENTCOM air strikes on more than 80 Iranian military targets and simultaneously revoked a key Treasury licence allowing Tehran to sell oil, sharply escalating pressure after Iran allegedly attacked three commercial vessels in the Strait of Hormuz.In a development marking Washington’s strongest military response since the ceasefire reached with Tehran last month, American forces targeted Iranian air defence systems, com…
Washington, June 24 (IANS) The United States imposed sanctions on a network linked to a Cambodia-based criminal organisation accused of running large-scale online fraud operations that have targeted Americans and laundered illicit proceeds through companies across Asia and beyond.The US Department of the Treasury said it sanctioned nine individuals and 26 entities connected to the Prince Group Transnational Criminal Organisation (Prince Group TCO), targeting senior leaders, investors in scam com…
Washington, June 22 (IANS) The United States on Monday imposed sanctions on three individuals and six entities across Europe, the Middle East and West Africa, accusing them of helping the Islamic State (ISIS) move money across borders and sustain its global operations. Announcing the action, the U.S. State Department said the sanctions target a network stretching from France and Syria to Türkiye and Nigeria, as the Trump administration seeks to disrupt the terrorist group’s financial infrastruc…
Washington, June 22 (IANS) The United States has imposed fresh sanctions on two Hezbollah-aligned Lebanese officials and a network of business associates accused of supporting the Iran-backed group, saying the move is aimed at weakening what Washington described as the biggest obstacle to Lebanon’s recovery and stability.In a statement, the US State Department said the action targets “two Hezbollah-aligned Lebanese officials, as well as members of a Hezbollah business network overseen by US-…
Washington, June 12 (IANS) First Lady Melania Trump launched a new financial initiative aimed at helping children in foster care build savings and assets before they reach adulthood, describing it as a step towards expanding economic opportunity for some of the country’s most vulnerable young people.The programme, called Fostering the Future Accounts, will allow state child welfare agencies to open savings and investment accounts on behalf of eligible children in foster care, under new federal g…
Washington, June 5 (IANS) The United States on Friday announced sweeping sanctions against a network accused of shipping Iranian-origin liquefied petroleum gas (LPG) disguised as Omani fuel to buyers across South and East Asia, including Bangladesh, while also targeting an Iranian foreign exchange company accused of moving hundreds of millions of dollars on behalf of sanctioned Iranian banks.The action was announced by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), …