The Biden administration wants to require investment advisers to detect and report suspected money laundering to the government.
Tags: US Treasury
Biden Administration Reveals New Tax Rules That Push Higher Pay for Green Energy Workers
The Biden administration has released the final regulations for the IRA's prevailing wage and registered apprenticeships (PWA) provisions.
US Sanctions Russian Businessman, 3 Companies Involved in Scheme to Evade Sanctions Tied to Russia's Metals Tycoon
The US has imposed sanctions against a Russian businessman, and three companies based in Russia allegedly used in a scheme to evade US sanctions connected to Russian tycoon Oleg Deripaska.
Biden Administration's Economic Policies a 'Failure,' Says Billionaire Investor Stanley Druckenmiller
Billionaire investor Stanley Druckenmiller expresses dissatisfaction with the Biden Administration's economic policies, criticizing Treasury Secretary Yellen and Fed Chair Powell and blaming rising inflation on government spending.
US Treasury Warns Sanctions Against Iran's Oil Exports Following Israel Attack
U.S. Treasury Secretary Janet Yellen announces forthcoming sanctions on Iran following its drone and missile attacks on Israel, using their oil exports to disrupt the country's destabilizing activities.
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The US Treasury Department has imposed sanctions on three UAE-based entities and a Liberian tanker for violating the price cap on Russian oil.
A team of five officials from the US Treasury Department is heading to China this week for economic talks.
The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.
Financial tech and its $147 billion potential market opportunity required financial regulators to supervise the industry. In 2015, investments in the fintech sector doubled, reaching $14 billion.
The company called off the acquisition of Allergan after the U.S. Treasury issued the rule preventing the deal. Nevertheless, Chief Executive Officer Ian Read still has the investors support.
Pfizer and Allergan will have to scrap the merger deal following the new regulation from Treasury Department to stop the U.S. company moving overseas.
The demand for the US industrial products declined in February, signalling an additional slowdown in the country's economic growth. Fresh orders for the US industrial products dropped 1.7% in February, compared to an increase of 1.2% in January.
US Treasuries dropped for the first time in seven days as China concerns eased. The unexpected depreciation of Yuan by China's central bank sent shock waves across the global markets. This triggered selloff in equities and forced investors towards safe havens such as treasuries and gold.
The capital outflows from the world's second-largest economy registered record level in November. The capital outflow grew almost three times in November from October.
