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US Treasury Department News

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China has once again blocked US-India move on blacklisting a Pak-based LeT terrorist US-India had proposed to the UN to declare LeT's Shahid Mahmood as a ‘global terrorist’ The US Treasury Department designated Mahmood a global terrorist in December 2016.
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The amount of the debt as of February 11 was quoted in a daily statement by the department on Tuesday.
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David Malpass, or any other US nominee, would still need to win approval from the World Bank`s 12-member executive board.
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Last October, the group had announced joint sanctions on top Islamic State and Al-Qaeda figures in Yemen.
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The latest data available with the US Treasury Department show that India's exposure jumped by USD 7 billion to USD 124.1 billion in April. The country had holding to the tune of USD 117.1 billion in March.
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Fugitive chief recruiter for terror group ISIS in the Indian subcontinent was on Thursday named global terrorist by the US.
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As Brussels is slated to deliver a verdict next month on Apple and other US companies for evading billions of pounds in taxes, the US Treasury Department has warned the European Commission (EU) about taking such action.
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ISIS made a whopping USD 2.4 billion in 2015 despite losing territory by simply adjusting its business from oil to taxes and is still the richest terror group on the planet, according to a report.
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ISIS made a whopping USD 2.4 billion in 2015 despite losing territory by simply adjusting its business from oil to taxes and is still the richest terror group on the planet, according to a report.
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The United States will allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the U.S. Treasury Department said on Saturday. 
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The White House has delayed imposing new financial sanctions on Iran over its ballistic-missile programme, The Wall Street Journal reported on Thursday.
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India further trimmed its holdings of the US government securities to USD 115.6 billion in August amid continuing global economic uncertainties.
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Amid weaker outlook across emerging market economies, India's recovery has strengthened under a new reform agenda, but it is not yet a "major driver" of global growth, a US Treasury Department report has said.
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On November 5, the Treasury would be left to fund the government with less than USD30 billion. This amount would be far short of net expenditures on certain days which can be as high as USD60 billion, Treasury Secretary Jacob Lew said in a letter to Congress.
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The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.
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PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.
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Apart from India, other BRICS nations -- Brazil, Russia, China and South Africa -- cut down their holdings of American government securities.
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Increasing its exposure, India held American government securities worth nearly USD 73 billion in June which is also the highest level in one year.
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Virtual currencies such as bitcoin are the "Wild West" of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday.






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