Search Results for keywords:"U.S. Department of the Treasury"

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Search Results: keywords:"U.S. Department of the Treasury"

  • Type:Notice
    Citation:86 FR 1130
    Reading Time:about a minute or two

    The U.S. Department of the Treasury announced that the interest rate for cash deposits securing U.S. Immigration and Customs Enforcement immigration bonds is set at 0.09% per year for the period from January 1, 2021, to March 31, 2021. This rate is determined quarterly and is based on 91-day Treasury bills, ensuring it does not exceed 3% or fall below zero percent per year. For more details, individuals can contact either Will Walcutt or Ryan Hanna from the Treasury's Funds Management Division. The official notice is also available on the Treasury's and the Federal Register's websites.

    Simple Explanation

    The U.S. Treasury said that if someone puts money aside for a special immigration bond from January to March 2021, they will get a very tiny bit of extra money called interest, just 0.09% for the year, like earning 9 pennies for every 100 dollars.

  • Type:Notice
    Citation:90 FR 16073
    Reading Time:about 8 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and vessels to its Specially Designated Nationals and Blocked Persons List. This action freezes any U.S.-based property and financial assets these individuals and vessels may have, and generally bars U.S. citizens and entities from conducting business with them. Notably, Jugwinder Singh Brar and multiple vessels linked to him, as well as vessels associated with companies like GLORY INTERNATIONAL FZ-LLC and GLOBAL TANKERS PRIVATE LIMITED, are included on this list for their connection to Iran's petroleum industry. These designations are based on Executive Order 13902, which imposes sanctions on Iran's economic sectors.

    Simple Explanation

    The U.S. government has made a list of people and ships that no one in the U.S. can do business with because they are connected to some activities in Iran. This means their U.S. belongings are frozen until further notice.

  • Type:Notice
    Citation:86 FR 8834
    Reading Time:about 2 minutes

    The Federal Advisory Committee on Insurance (FACI) will hold an open meeting via videoconference on February 18, 2021, from 12:30 p.m. to 3:30 p.m. Eastern Time. This meeting is organized by the U.S. Department of the Treasury and will be accessible to the public. Participants can attend the meeting online through live webcast links provided. During the meeting, FACI will discuss updates from its subcommittees on topics such as COVID-19, insurance product availability, international initiatives, and public-private partnerships, along with planning the 2021 agenda. Public comments are invited, and more information can be obtained by contacting FACI through the provided contact details.

    Simple Explanation

    The Federal Advisory Committee on Insurance is having an online meeting on February 18, 2021, where they will talk about insurance and other important topics. People can watch it on the internet, and they can even share their thoughts, but it's a bit tricky to know exactly how.

  • Type:Notice
    Citation:90 FR 11205
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added certain individuals to its Specially Designated Nationals and Blocked Persons List (SDN List). These individuals' property and interests under U.S. jurisdiction are now blocked, and U.S. citizens are generally not allowed to engage in transactions with them. This decision was made on February 26, 2025, and more information can be found on the OFAC website.

    Simple Explanation

    The Treasury Department is telling people that some new names have been added to a special list of people they are not allowed to trade with because the U.S. says so. This means they can't buy or sell things with these people now.

  • Type:Notice
    Citation:89 FR 104309
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published names of individuals added to the Specially Designated Nationals and Blocked Persons List. These persons have been sanctioned because they are believed to have helped with corruption or supported someone involved in such activities. As a result, their property within the U.S. is blocked and U.S. persons are generally forbidden from engaging in transactions with them. The notice lists individuals primarily linked to Kamlesh Mansukhlal Damji Pattni and is part of OFAC's ongoing sanctions efforts under Executive Order 13818.

    Simple Explanation

    The U.S. government made a list of people they think were helping with bad behavior, like corruption, and said nobody in the U.S. can do business with them. These people's things in the U.S. are also locked up and can't be used.

  • Type:Notice
    Citation:89 FR 95355
    Reading Time:about 2 minutes

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has announced sanctions against individuals now included on the Specially Designated Nationals and Blocked Persons List (SDN List). These individuals have been identified as involved in serious human rights abuses or corruption. As a result, all their properties and interests within the U.S. are blocked, and American citizens are not allowed to conduct any transactions with them. This action is part of OFAC's efforts to combat human rights abuses globally.

    Simple Explanation

    The U.S. government has put some people on a special list because they've done bad things, like being mean to others or stealing. Now, their stuff in the U.S. is frozen, and Americans aren't allowed to buy from or sell to them.

  • Type:Notice
    Citation:89 FR 104308
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that they are adding one or more persons to their Specially Designated Nationals and Blocked Persons List (SDN List). This action means that any property or interests these individuals have within the United States are now blocked. As a result, people in the U.S. are generally not allowed to conduct transactions with these individuals. The decision was effective as of December 17, 2024.

    Simple Explanation

    The U.S. Treasury Department has decided to put some people on a special list because they did something that makes it so people in the U.S. can't do business with them anymore. This means any things these people own in the U.S. are now frozen and can't be touched.

  • Type:Notice
    Citation:89 FR 101096
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added one entity and one individual to its Specially Designated Nationals and Blocked Persons List (SDN List) as of December 10, 2024. This action means that all their property and interests in property within U.S. jurisdiction are blocked, and U.S. persons generally cannot conduct transactions with them. The details of this update, including the SDN List, are available on OFAC's website.

    Simple Explanation

    The U.S. government has added one person and one company to a special list that means no one in the U.S. is allowed to do business with them because they're in trouble. All their stuff in the U.S. is frozen, like when you can't touch something in the freezer until you're told it's okay.

  • Type:Notice
    Citation:86 FR 10160
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury Tribal Advisory Committee (TTAC) will hold public meetings via teleconference on March 17, 2021, and June 16, 2021, from 1:00 p.m. to 4:00 p.m. Eastern Time. These meetings are open to the public due to the continuing COVID-19 safety concerns. The TTAC was established to advise the Secretary of the Treasury on matters related to the taxation of Indians and the training of IRS field agents. During these meetings, the TTAC members will provide updates on their subcommittees and welcome public comments.

    Simple Explanation

    The Treasury Tribal Advisory Committee is having two meetings on the phone, because of COVID-19, where they talk about taxes and training. People can listen in, but there are some details and safety things they haven't fully explained.

  • Type:Notice
    Citation:90 FR 13823
    Reading Time:about 6 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a change to its Specially Designated Nationals and Blocked Persons List (SDN List). On March 21, 2025, an entity named Tornado Cash had its assets unblocked, and it was removed from the SDN List. Additionally, an update was made to the listing of an individual, Roman Semenov, although the specifics of the change were not detailed. Despite these changes, any property or interests of this individual under U.S. jurisdiction remain blocked, and U.S. citizens are still largely prohibited from conducting transactions with him.

    Simple Explanation

    The U.S. Treasury is telling everyone that they no longer have special rules for a company called Tornado Cash, but they are still watching out for a person named Roman Semenov, and people in the U.S. can't do business with him.