Economy

Operation Economic Outcast Disrupts Digital Asset Exchange Enabling the Iranian Regime

WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated BitBank, a priority digital assets venture controlled by 

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Treasury International Capital Data for July 2026

WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2026.  The next release, which will report on data for August 2026, is...

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Statement from Secretary of the Treasury Scott Bessent Before the United States House Committee...

As prepared for delivery.Chairman Hill, Ranking Member Waters, and members of the Committee, thank you for convening today’s hearing. I look forward to discussing the internationa...

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Operation Economic Outcast Sanctions Major Bank Helping Iran Evade Sanctions

WASHINGTON—Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated prominent Russian financial institution, VTB...

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Treasury Welcomes the Revised GloBE Information Return Implementing President Trump’s Day One E...

New Rules Deliver on President Trump's International Tax Agenda to Protect U.S. Companies from Compliance BurdensWASHINGTON—The U.S. Department of the Treasury today welcomed the...

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U.S. Mint Commemorates 25th Anniversary of September 11 with Half Dollar

WASHINGTON—Today, the United States Mint announced a special-issue 2026 Semiquincentennial Enduring Liberty Half Dollar to mark the 25th anniversary of September 11. The Half Dollar feat...

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Operation Economic Outcast Strikes Iran’s Global Terrorist Proxy Network

Treasury Sanctions Networks enabling Kata’ib Hizballah and Lebanese HizballahWASHINGTON—Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury’s Office...

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Treasury Uncovers $17.5 Billion in Suspected Health Care Fraud

WASHINGTON—The U.S. Department of the Treasury today announced that its Financial Crimes Enforcement Network (FinCEN) has identified approximately $17.5 billion in suspicious financial a...

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Treasury Grounds Iranian Airlines with Sweeping Sanctions Action

Operation Economic Outcast Targets All Remaining Iranian AirlinesWASHINGTON— Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Asset...

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Treasury Cracks Down on Transnational Criminal Organization Behind Cyber Scam Operations Target...

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Transnational Criminal Organization (TCO) Xinbi Guarantee, a Chinese-language...

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