The Department of the Treasury has informed the office of Senate Finance Committee Chair Ron Wyden, D-Ore., that the Internal Revenue Service is in the process of ending the use of facial
MoreThe Government Accountability Office looked at how terrorist groups and transnational criminal organizations launder money, engage in human trafficking and move illegal drugs and found that these groups perform phony trade deals,
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Congress prevented a debt default by approving a measure that would increase the debt ceiling by $2.5 trillion, CNBC reported Wednesday. The House voted 221-209 early Wednesday to pass the measure. The
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Saule Omarova, President Joe Biden’s nominee for comptroller of the currency at the Department of the Treasury, has decided not to push through with the confirmation process for the role. Biden said
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Treasury Secretary Janet Yellen said further study is needed to determine the advantages and disadvantages of adopting a central bank digital currency, Reuters reported Thursday. “I see both pros and cons to
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Wally Adeyemo, deputy secretary of the Department of the Treasury, said digital assets such as cryptocurrency offer opportunities for economic growth and could also pose financial crime risks, CNBC reported Wednesday. Adeyemo
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The U.S. Department of the Treasury and the government of Israel have formed a bilateral partnership to broaden international cooperation and safeguard critical financial infrastructure from ransomware threats. The partnership launched a
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The Department of the Treasury has sanctioned virtual currency exchange Chatex and its associated network of three companies for facilitating transactions for threat actors involved in ransomware attacks. The Treasury said Monday
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The Department of the Treasury has imposed sanctions on two companies and four individuals that have supported Iran’s unmanned aerial vehicle programs that have been used to conduct attacks on U.S. forces
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The Department of the Treasury’s office of foreign assets control has released guidance outlining sanctions compliance best practices for virtual currency industry stakeholders as part of efforts to counter ransomware threats. A
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