Washington, DC--The U.S. Department of the Treasury today issued the following response to a statement issued by the Financial Action Task Force (FATF) on Iran during its plenary meeting in Rio de Janeiro, Brazil.

Today's statement by the FATF marks the fourth time in the past year that the organization has warned the world of the serious threat posed by Iran's lack of a sufficient anti-money laundering and counterterrorist financing regime.

[ READ THE REST OF THE STORY... ]

Washington
- The U.S. Treasury Department this week announced that Simpson, Thacher and Bartlett will serve as a legal adviser for the implementation of the Emergency Economic Stabilization Act. Treasury hired the New York City-based firm Sunday and work began immediately to help the Department with its equity program structuring.

[ READ THE REST OF THE STORY... ]

Treasury International Capital (TIC) data for August 2008 are released today and posted on the U.S. Treasury website (www.treas.gov/tic). The next release, which will report on data for September, is scheduled for November 18, 2008.

[ READ THE REST OF THE STORY... ]

Washington, DC--Under Secretary for Terrorism and Financial Intelligence Stuart Levey released the following statement today following Australia's designation of individuals and entities involved in Iranian proliferation activities, including Iranian state-owned banks, Melli and Saderat.

"The U.S. Government welcomes the Australian government's imposition of financial and travel sanctions on individuals and entities involved in Iran's nuclear and missile programs, including freezing the assets of Bank Melli and Bank Saderat. We applaud Australia for taking steps to further isolate Iran and we encourage countries around the world to take similar steps.

[ READ THE REST OF THE STORY... ]

Washington –
The Department of the Treasury released a request for public input today on an insurance program for troubled assets which is required by the Emergency Economic Stabilization Act of 2008 (EESA). The purpose of this program is to restore liquidity and stability to the financial system, while minimizing any potential long term negative impact on taxpayers.

[ READ THE REST OF THE STORY... ]