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U.S. Department of the Treasury

A collection of news and information related to U.S. Department of the Treasury published by this site and its partners.

Top U.S. Department of the Treasury Articles

Displaying items 12-22
  • L.A. fashion district firms raided in cartel money laundering probe

    L.A. fashion district firms raided in cartel money laundering probe
    Sinaloa cartel bosses had a problem. They were holding a hostage and needed to get the $140,000 ransom his family agreed to pay from the United States to Mexico in the form of pesos. Worried a wire transfer would alert authorities, the drug...
  • Exclusive: Akorn eyes $2 billion UCB unit in potential tax inversion - sources

    NEW YORK (Reuters) - U.S. specialty drugmaker Akorn Inc is exploring a bid for Belgian drugmaker UCB SA's U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar...
  • Retirement: Should I invest in a deferred-income annuity?

    Deferred-income annuities, also known as longevity annuities, provide a guaranteed source of income when you reach a certain age. Say a 65-year-old man invests $100,000 in New York Life's Guaranteed Future Income Annuity and defers payouts for 15 years....
  • Federal agencies mulling threat of tax debtors holding security clearances

    Federal agencies mulling threat of tax debtors holding security clearances
    The officials who are responsible for safeguarding the nation's intelligence secrets are trying to figure out how to better vet millions of employees and contractors with security clearances, after auditors found that some of those workers owed more...
  • U.S. intensifies sanctions on Russia over Ukraine

    WASHINGTON (Reuters) - The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. The sanctions,...
  • America's hangover from the heady Clinton years

    To the editor: Bill Clinton's high approval ratings prove that Americans have very short memories or are ignorant of the facts. ("How Bill Clinton, improbably, became America's favorite politician," Sept. 10) His administration is largely responsible...
  • U.S. sanctions Mexican lawyers linked to Sinaloa drug cartel

    WASHINGTON (Thomson Reuters Foundation) - The United States has frozen the assets of three Mexican lawyers and a real estate company allegedly linked to the international drug cartel Sinaloa, known for its violence and kidnappings. The Treasury...
  • Got HAMP? If so, your mortgage may increase soon

    Got HAMP? If so, your mortgage may increase soon
    There is a fair amount of payment shock headed toward select groups of homeowners with mortgages. The reckoning has already started for people who took out home equity lines of credit a decade ago, when homes were appreciating handsomely. What started...
  • North Korean leader's money manager defects in Russia: South Korea newspaper

    SEOUL (Reuters) - A senior North Korean banking official who managed money for leader Kim Jong Un has defected in Russia and was seeking asylum in a third country, a South Korean newspaper reported on Friday, citing an unidentified source. Yun Tae Hyong,...
  • Exclusive: Commerzbank close to settling U.S. sanctions probes

    NEW YORK (Reuters) - German lender Commerzbank AG is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The bank is expected to pay about $650 million to...
  • Citi to pay $217,841 to settle OFAC violation liabilities

    (Reuters) - Citigroup Inc has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S. Department of Treasury said on Wednesday. Citi...