The Latest Breaking News from Treasury Department

As Web3 continues to develop, lawmakers and platforms are shifting their focus towards refining KYC, or know-your-customer, which serves as the barrier between Web3’s true calling for decentralization and centralized institution’s concerns for public good.

The U.S. Internal Revenue Service has suspended information exchanges with Russia's tax authorities in a bid to hamper Moscow's ability to collect taxes and fund its war against Ukraine, the Treasury Department told Reuters on Tuesday.

The Treasury Department will not allow any Russian government debt payments from accounts at U.S. financial institutions to be made in U.S. dollars, an agency official says

The Biden administration is expected to propose a change in Affordable Care Act (ACA) subsidies to allow some people to afford health insurance for their families, writes Wall Street Journal. The proposed change, expected to be announced Tuesday, would recalculate what is considered affordable for a family with employer-based health insurance.…

It's owner, a Russian oligarch and Putin ally, has been sanctioned by the Department of Treasury since at least 2018.

A debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds

The United States on Friday imposed sanctions on five entities it accused of providing support to North Korea's development of weapons of mass destruction and ballistic missile programs, increasing pressure on Pyongyang following a recent series of missile launches.

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The United States on Thursday imposed fresh sanctions on Russia, targeting the technology sector, a sanctions evasion network and what it called "malicious cyber actors" while paving the way to act against additional sectors in response to President Vladimir Putin's assault on Ukraine. "We will continue to target Putin's war…

Saudi Arabia said Thursday that it added 25 people and entities from different nationalities to the country's terrorism list, saying they are involved in financing Yemen's Iran-backed Houthi militias. A statement by the presidency of State Security said that in coordination with the US Treasury Department - Office of Foreign…

The United States is imposing sanctions on one person and his network of companies for providing assistance to Iran's ballistic missile program, the Treasury Department said on Wednesday.