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Treasury Sanctions Support Network of Brazilian Supreme Court Justice
September 22, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning the Lex Instituto de Estudos Juridicos LTDA (Lex Institute) for its support to Brazilian Supreme Federal Court (STF) justice Alexandre de Moraes (de Moraes). De Moraes was designated by OFAC on July 30, 2025, for using his position to authorize arbitrary pre-trial detentions and…
Treasury Seeks Public Comment on Implementation of the GENIUS Act
September 21, 2025 / Source: Treasury
WASHINGTON – Today, the U.S. Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM), seeking public comment related to Treasury’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The GENIUS Act tasks Treasury with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored…
FinCEN Issues Proposed Rule to Postpone Effective Date of Investment Adviser Rule
September 21, 2025 / Source: FinCEN
Immediate Release September 19, 2025 Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking to extend the effective date of the final rule establishing Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers (IA AML Rule)…
FDIC Releases Results of Summary of Deposits Annual Survey
September 21, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2025. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 76,000 domestic offices operated by more than 4,400 FDIC-insured commercial and savings banks, savings associations,…
Federal Reserve Board publishes agenda for its community bank conference, which will take place on Thursday, October 9
September 21, 2025 / Source: FRB
The Federal Reserve Board on Friday published the agenda for its community bank conference, which will take place on Thursday, October 9. The conference will bring together a range of interested parties to discuss key issues facing the community bank sector. “Community banks are the cornerstone of local economies—driving growth and creating jobs across the…
HUD Hosts Historic Innovative Housing Showcase, Underscores Commitment to Harnessing Innovation to Reduce Housing Costs
September 21, 2025 / Source: HUD
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) hosted its annual Innovative Housing Showcase on the National Mall welcoming more than 5,000 people, including policymakers, industry leaders, media, and members of the public. Themed, “The American Home is the American Dream,” the showcase commemorated America’s 250th birthday in partnership with the America250 Initiative, and spotlighted private…
SBA Waives Loan Fees for Small Manufacturers in Fiscal Year 2026
September 18, 2025 / Source: SBA
WASHINGTON – Today, in support of the Trump Administration’s broader effort to rebuild American industrial dominance, the U.S. Small Business Administration (SBA) announced that it would waive most upfront fees for small manufacturers in fiscal year 2026. With the fee burden reduced, the SBA will empower more small manufacturers (NAICS 31-33) with the capital to increase hiring, growth,…
OCC Announces Updates to Organizational Structure
September 18, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a new organizational framework for bank supervision and updates to the structure of its Office of the Chief National Bank Examiner. Effective October 1, three distinct lines of business will replace the Bank Supervision and Examination group: Large and Global Financial Institutions, Regional and…
Treasury Sanctions Powerful Faction of the Terrorist Sinaloa Cartel
September 18, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Sinaloa Cartel faction Los Mayos, along with the leader of the faction’s armed wing. These sanctions follow Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley’s visit to the U.S.-Mexico border. OFAC also designated five individuals and 15…
Remarks by Under Secretary for Terrorism and Financial Intelligence John K. Hurley at the Association of Certified Anti-Money Laundering Specialists Assembly Conference
September 17, 2025 / Source: Treasury
Good morning. Thank you, Justine, for that very kind introduction, and thank you all for allowing me to speak with you today. As the biography that Justine just read indicated, I had the opportunity right after college to serve in the U.S. Army. What the bio does not include is that my father was a…
READOUT: Second Annual FINTRAC-FinCEN Symposium in Washington, D.C.
September 17, 2025 / Source: FinCEN
WASHINGTON—On September 15 and 16, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC)—the financial intelligence units of the United States and Canada—convened the Second Annual FINTRAC–FinCEN Anti-Money Laundering and Anti-Terrorist Financing Symposium in Washington, D.C. Government officials from Australia and the United Kingdom…
HUD Secretary Scott Turner Hosts Tribal Intergovernmental Advisory Committee and Announces National Tribal Housing Summit
September 17, 2025 / Source: HUD
WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner recently hosted HUD’s Tribal Intergovernmental Advisory Committee (TIAC) meeting at HUD’s headquarters. The convening included Tribal leaders from across the nation who make up HUD’s TIAC. “Since day one, I have stated my commitment to make Tribal communities a priority here…
Federal Reserve issues FOMC statement
September 17, 2025 / Source: FRB
Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the…
Stephen I. Miran sworn in as a member of the Board of Governors of the Federal Reserve System
September 16, 2025 / Source: FRB
Dr. Stephen I. Miran took the oath of office as a member of the Board of Governors of the Federal Reserve System on Tuesday. The oath was administered by Judge Elizabeth L. Branch of the United States Court of Appeals for the Eleventh Circuit. President Trump nominated Dr. Miran on September 2, 2025, and he…
Treasury Targets Financial Network Supporting Iran’s Military
September 16, 2025 / Source: Treasury
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a pair of Iranian financial facilitators and more than a dozen Hong Kong- and United Arab Emirates (UAE)-based individuals and entities for their roles in coordinating funds transfers, including from the sale of Iranian oil, that benefits the IRGC-Qods Force (QF),…
HUD Great Lakes Regional Administrator Stroebel Tours Opportunity Zones in Indiana
September 15, 2025 / Source: HUD
INDIANAPOLIS, Ind. – U.S. Department of Housing and Urban Development (HUD) Great Lakes Regional Administrator Duey Stroebel toured Opportunity Zones and model Opportunity Zone (OZ) projects in Indiana. The tour featured the Indianapolis Eastside Opportunity Zone and the Valley House Flats in Brookville, highlighting firsthand how Opportunity Zones successfully transform and revitalize local communities. Valley House Flats is…
Treasury Secretary Scott Bessent Remarks at the Financial Stability Oversight Council
September 15, 2025 / Source: Treasury
I would like to call this meeting of the Financial Stability Oversight Council to order. Today is the Council’s first public session this year, which is fitting—the start of September is a natural moment for renewal and fresh focus. In that spirit, I’d like to discuss how economic growth strengthens financial stability—and how economic stagnation…
Treasury Sanctions Houthi Illicit Revenue and Procurement Networks
September 15, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 32 individuals and entities and identifying four vessels in Treasury’s largest sanctions action to date targeting Iran-backed Ansarallah, commonly known as the Houthis. The networks targeted today are part of the Houthis’ global illicit fundraising, smuggling, and weapons procurement…
Treasury Sanctions Sudanese Islamist Actors to Counter Regional Instability and Support for Iran
September 15, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on two Sudanese Islamist actors––Gebreil Ibrahim Mohamed Fediel (Gebreil) and the Al-Baraa Bin Malik Brigade (BBMB)––for their involvement in Sudan’s brutal civil war and their connections to Iran. These sanctions aim to limit Islamist influence within Sudan and curtail Iran’s regional activities, which…
Comptroller Issues Statement at Financial Stability Oversight Council Meeting
September 15, 2025 / Source: OCC
WASHINGTON—Comptroller of the Currency Jonathan V. Gould today issued a statement at the Financial Stability Oversight Council (FSOC) meeting about the Office of the Comptroller of the Currency’s (OCC) work to reset the risk tolerance for the federal banking system. In his statement, Comptroller Gould discussed the OCC’s work to review the agency’s post-2008 chartering,…
Treasury Partners with GSA to Launch SAVE Program with Strengthened Oversight Role
September 14, 2025 / Source: Treasury
WASHINGTON– The U.S. Department of the Treasury in partnership with the U.S. General Services Administration (GSA), today announced the launch of the Savings Award for Verified Efficiencies (SAVE) Program. This joint initiative empowers federal employees to identify and eliminate wasteful spending in federal contracts, delivering measurable savings for taxpayers while maintaining mission readiness. Under GSA’s…
Agencies announce third public outreach meeting as part of their review of regulations
September 11, 2025 / Source: FRB
Federal bank regulatory agencies will hold a hybrid public outreach meeting on October 30, 2025, in Kansas City, Missouri, as part of their review of regulations. The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) requires the agencies, with input from the public, to review their regulations at least once every 10 years to identify…
Statement by FinCEN Director Andrea M. Gacki before the House Committee on Financial Services, Subcommittee on National Security, Illicit Finance, and International Financial Institutions
September 11, 2025 / Source: FinCEN
Introduction Chairman Davidson, Ranking Member Beatty, and distinguished Members of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, thank you for the opportunity to testify this morning on behalf of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). My name is Andrea Gacki, and I am the Director of…
FinCEN Issues Notice on Financially Motivated Sextortion
September 11, 2025 / Source: FinCEN
WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a Notice to help financial institutions detect and disrupt financially motivated sextortion, a disturbing and increasingly common typology that can devastate the lives and families of its victims. Financially motivated sextortion occurs when perpetrators, using fake personas, coerce victims to create and…
Protecting Customer Financial Records
September 10, 2025 / Source: OCC
Summary An investigation by the U.S. House of Representatives Committee on the Judiciary and the Select Subcommittee on the Weaponization of the Federal Government has concluded in a report that following the events of January 6, 2021, financial institutions, including Office of the Comptroller of the Currency (OCC)-regulated financial institutions (banks), coordinated with federal law enforcement to…