Treasury

U.S. Sanctions Iran—Under New Treasury Rules—for Attack on Albania

The new rules elaborate on what kinds of cyber activities warrant sanctions designation.

High-Tech Financial Crimes Warrant Coordinated Digital Identity Efforts, FinCEN Warns

Leaders at the Financial Crimes Enforcement Network noted that stronger authentication measures are critical and spurred by emerging technologies.

Treasury Reissues Rules to Enforce Cyber Sanctions on Foreign Adversaries  

The rules could apply to any new executive order related to the national security emergency President Obama declared in 2015, in advance of a cybersecurity agreement with China.

U.S. and Israel Strengthen Cybersecurity Partnership

Both countries have pursued a bilateral cybersecurity agreement between their financial agencies since 2021, amid critical infrastructure threats. 

Lawmakers Push IRS on Backlog and Customer Service Problems

The agency says it's aiming to get to a "healthy" backlog level by the end of the year, but in June, the National Taxpayer Advocate said that would be "difficult" for the agency to do.

Banks' Ability to Conduct Cryptocurrency Transactions Comes Under Senators' Fire

Letters issued by the Department of Treasury’s Office of the Comptroller of the Currency allow banks to engage in digital currency transactions that are considered financially sound.

Treasury’s Cryptocurrency Framework Emphasizes Consumer Protection, International Collaboration

The Treasury Department’s first digital asset guidance is the latest chapter in applying federal regulation to the digital asset market.

Treasury Defines Key Terms Under Executive Order on Cryptocurrencies

The department wants feedback for implementing the order to “ensure responsible development of digital assets.”

GAO: Potential Federal Cyber Insurance Program Should Avoid Moral Hazard

The government watchdog highlighted the need for specific security requirements in recommending other relevant agencies explore the possibility of providing federal assistance to private sector entities following a catastrophic event.

White House Official: Administration Urgently Researching Central Bank Digital Currency

As due dates near for agency deliverables under an executive order, the Atlantic Council has produced a report that could help officials inform the president of implications for cybersecurity.

ACLU Spearheads Letter to Fed Imploring Anonymity in Cryptocurrencies

A dozen civil rights groups penned a letter to the Federal Reserve underscoring the need to preserve human rights—like privacy—in researching a U.S. digital currency.

Federal Law Enforcement Warns Against Hackers Targeting Crypto Companies

Three agencies warned that North Korean-sponsored Lazarus Group and subsidiaries are targeting companies linked to blockchain technology and working with crypto and NFTs.

IRS Marks the Annual Tax Filing Deadline With a Plea for More Funding

Chronic underfunding has hurt the tax agency's ability to modernize, says a top official, who wrote that the U.S. tax system "is a tax system where ripped paper returns are literally pieced together with scotch tape."

IRS’ ‘Where’s My Return’ Tools Needs Updates Amid Lack Of Agency Plans, Watchdog Says

The Government Accountability Office regards modernizing taxpayer digital resources as a high priority item despite a reported lack of funding.

Treasury Sanctions Russian 'Hydra' Dark Net, Major Crypto Trading Platform

The U.S. imposed new sanctions on Hydra Market and Garantex as it continues cryptocurrency laundering crackdowns. 

Treasury Wants to Know How the Government Might Grow Cyber Insurance Market

The department is in a bit of an awkward position, tasked with supporting the industry while cautioning against ransomware payouts.

U.S. to Target North Korea’s Technology Access In Response to Recent Missile Tests

A “range of further actions” are anticipated for the coming days, an official said.