Originating Organization: United States/Department of the Treasury

Australia, Canada, France, Internal Revenue Service, United Kingdom

Joint Chiefs of Global Tax Enforcement Crypto Assets Risk Indicators for Financial Institutions

The J5, a collaborative partnership among tax authorities and law enforcement from five countries, has identified several risk indicators that financial institutions should be aware of. Risk indicators play a pivotal role in enhancing the ability of financial institutions to detect and report money laundering and illicit activities involving crypto assets. To counteract these risks, timely identification allows institutions to intervene and to report to the relevant authorities contributing to the overall integrity of the financial system and ensure compliance with anti-money laundering (AML) regulations.

Read more →

Department of the Treasury, Russia

U.S. Treasury Report Identifying Russian Senior Foreign Political Figures and Oligarchs

Section 241 of the Countering America’ s Adversaries Through Sanctions Act of 2017 (СААTSA) requires the Secretary of the Treasury, in consultation with the Director of National Intelligence and the Secretary of State, to submit to the appropriate congressional committees 180 days after enactment а detailed report оп senior political figures and oligarchs in the Russian Federation (Section 241 (a)(l)) and on Russian parastatal entities (Section 241 (а)(2)). Pursuant to Section 241(Ь), the report shall Ье submitted in an unclassified form but may have а classified annex. This is the unclassified portion of the report.

Read more →

Department of the Treasury, Russia

(U//FOUO) U.S. Treasury Report on Economic Impact of Russian Sanctions

In accordance with Section 242 of PuЬlic Law 115-44 (P.L. 115-44) (“Countering America’s Adversaries Through Sanctions Act” (CAATSA)), the U.S. Department of the Treasury, in consultation with the Department of State and the Director of National Intelligence, was tasked with preparing а report addressing the potential effects of expanding sanctions under Directive 1 issued under Executive Order (Е.О.) 13662 to include sovereign debt and the full range of derivative products.

Read more →