Tags » Department Of Treasury

The $10 bill is up next for a new look

NEW YORK — Andrew Jackson is safe for now, but Alexander Hamilton is getting a makeover.

While one advocacy group is calling on the government to replace President Jackson with a woman on the $20 bill, it’s actually the $10 note that’s up next for a redesign. 207 more words

News

Counterfeit Cosmetics Busts on the Rise

By: TFL

Counterfeit makeup and corresponding efforts to protect consumers from the dangerous chemicals that come along with it are on the rise. Case in point: Jorge Robles, Ana Del LaMota and Rossy Robles, a New Jersey-based family, were arrested in December 2014 for importing counterfeit MAC cosmetics items from China and selling them to retailers based in New York City and through an online retailer, and netting them several hundreds of thousands of dollars.  480 more words

Law

AML Means Anti-Money Laundering

Money Laundering is the process of making earning from criminal activities into legitimate money. It’s called “laundering” because the money from criminal activities is considered “dirty” money, so, “laundering” it would “clean” it. 176 more words

Definition

OFAC Means Office of Foreign Assets Control

OFAC is an office within the Terrorism and Financial Intelligence Office at the US Department of the Treasury.

The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement organization of the U.S.

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Definition

U.S. Sells Off Last Major TARP Investment, 6 Years On

The U.S. has finally sold off its remaining major investment in the Troubled Asset Relief Program, six years after beginning to bail out auto companies, banks and financial institutions in the depths of the Great Recession. 208 more words

What Uday Kotak should learn from Citi: Bigger banks can end up as liabilities


Over the weekend Pramit Jhaveri, the CEO of Citi India, had a thing or two to say about the size of Indian banks. He said that other than needing more banks, India needs bigger banks to compete on the world stage. 1,159 more words

Analysis

New U.S. Restrictions on Russia: OFAC (Office of Foreign Assets Control) Guidance and Industry-Specific Sanctions

OFAC Expands the 50 Percent Rule

Last month, the Department of Treasury’s Office of Foreign Assets Control (OFAC) released new guidance related to entities owned or controlled by persons designated as a Specially Designated National (SDN) on OFAC’s SDN list.  922 more words

Antitrust & Trade Regulation