Tag: U.S. Treasury Department
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U.S. Treasury Money a New Era in Finance
The Impact of Trump’s Executive Order 13772 Executive Order 13772, titled “Core Principles for Regulating the United States Financial System,” signed by U.S. President Donald Trump on February 3, 2017, marked a significant shift in the regulatory approach towards the financial sector and creation of Treasury Money. This order, the eighth executive action in Trump’s…
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Russian Elites, Proxies, and Oligarchs Task Force Joint Statement
The Russian Elites, Proxies, and Oligarchs (REPO) Task Force has leveraged extensive multilateral coordination to block or freeze more than $30 billion worth of sanctioned Russians’ assets, freeze or seize sanctioned persons’ high-value goods, and heavily restrict sanctioned Russians’ access to the international financial system. REPO members have achieved these successes through close and extensive…
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Preliminary Annual Report on U.S. Holdings of Foreign Securities at Year-End 2020
Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2020 were released today and posted on the Treasury web site at (https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 29, 2021. The survey…
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U.S. offshore banking industry strikes back at FATCA IGAs
Diego S., a wealthy Latin American media executive, travels frequently on business between his home city in South America and New York City. He usually prefers to take a flight with a Miami stopover rather than one of the two daily NYC bound non-stops. The Miami stop is not about visiting relatives or even shopping,…