Events listed in [USDT] U.S. Department of the Treasury
Treasury Department Announces 2023 De-Risking Strategy
ID 22970
The U.S. Department of the Treasury (USDT) has published its so-called Derisking Strategy which primarily includes recommendations for supervisory authorities of financial institutions such as FinCEN, the Financial Crimes Enforcement Network, or FFIEC, the Federal Financial Institutions Examination Council, so as to de-motivate and de-incentivize the practice of derisking in the financial market. The key recommendations are briefly described below, following a brief descripti ...
READOUT: Treasury Roundtable on Domestic Violent Extremist Use of Virtual Currency ...
ID 22899
In a recent Readout, U.S. Department of the Treasury (USDT) briefly outlines the key discussion points of a recent roundtable among private sector companies, public sector officials, and the USDT „on the use of virtual assets by Domestic Violent Extremists (DVEs) and foreign Racially and Ethnically Motivated Violent Extremists (RMVEs)“. According to the regulator, the discussion thereby focused on the way DVEs and RMVEs ...
FSOC Issues for Public Comment Proposed Analytic Framework for Financial Stability ...
ID 22887
The U.S. Department of the Treasury, USDT, has published a [press statement](https://home.treasury.gov/news/press-releases/jy1432) to announce two (upcoming) consultations in connection with the maintenance of financial stability in the U.S., both launched by the USDT’s Financial Stability Oversight Council: The first consultation, which was meanwhile published in the Federal Register, seeks feedback on a proposed analytical framework for the identification, assessment, ...
Treasury Releases 2023 DeFi Illicit Finance Risk Assessment
ID 22710
The U.S. Department of the Treasury (USDT) has published a first (financial) risk assessment report in connection with Decentralized Finance (DeFi). According to the USDT, DeFi refers to „virtual asset protocols and services that purport to allow for some form of automated peer-to-peer (P2P) transactions, often through the use of self-executing code known as “smart contracts”. Some examples of DeFi services are briefly described ...
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC
ID 22237
The U.S. Department of the Treasury (USDT), the Federal Reserve Board (FED), and the Federal Deposit Insurance Corporation (FDIC) have published a joint statement in which the three regulators affirm their commitment to maintain financial market stability in the U.S. in view of or following the recent bank failures of the Silicon Valley Bank and the Signature Bank. Additionally, the regulators confirm that ALL ...
U.S. Department of the Treasury Releases Greenbook, Outlining Tax Proposals to ...
ID 22196
On March 9, 2023, the U.S. Department of the Treasury has released the most recent so-called Green Book which summarizes the Fiscal Year 2024 revenue proposals of the Biden administration. The Green Book typically serves as a guidepost for U.S. legislators in their legislative activities concerning taxation of individuals, corporations, and other businesses. This year’s Green Book includes revenue (or tax) proposals with the ...
FACT SHEET: Disrupting and Degrading – One Year of U.S. Sanctions on Russia and Its ...
ID 22007
The U.S. Department of the Treasury (USDT) has published what it calls a Fact Sheet about the effects of Russia’s war against Ukraine one year after its commencement. Therein, the UDST outlines some key statistics on sanctioned entities and persons, on key targets of the global alliance, on private sector measures that have followed in the past year, and on Russia’s economy and economic ...
Treasury Releases Information on Corporate Alternative Minimum Tax
ID 21926
The U.S. Department of the Treasury (USDT) has published a press statement to announce that the Treasury itself and the Internal Revenue Service (IRS) have jointly drawn up guidelines addressed at insurance undertakings as regards the new minimum taxation of 15% of U.S. firms – the so-called Corporate Alternative Minimum Tax (CAMT) – under the Inflation Reduction Act. With this document, the regulators aim ...
Joint Statement on the U.S.-EU Financial Regulatory Forum
ID 21861
The U.S. Department of the Treasury, USDT, has published a press release informing about the latest EU – U.S. Joint Financial Regulatory Forum. The forum – which was comprised of persons representing the European Central Bank (ECB), the European Commission (EC), the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and others on the part of European regulators and by representatives ...
Treasury Takes Action Related to Excepted Foreign State and Excepted Real Estate ...
ID 21832
The U.S. Department of the Treasury, USDT, has published a press statement to inform that its Committee on Foreign Investment in the United States (CFIUS) has determined that both New Zealand and the United Kingdom (UK) have established adequate procedures and controls to screen foreign investments for potential security risks and thus qualify for the excepted foreign states (EFS) status. With this qualification, qualifying ...