Treasury

The Treasury Department’s Office of Foreign Assets Control (OFAC) has announced a new round of sanctions against members of the Intellexa Consortium for distributing “Predator” branded commercial spyware technology to target American citizens. […]

Russia hack

The Treasury Department’s announcement today of a new round of economic sanctions on Russian businesses and individuals includes notable numbers of new sanctions falling on companies operating in the Russian tech sector. […]

Nancy Sieger, chief technology officer (CTO) at the Department of Treasury, will be stepping down from that post later this year after 35 years of government service, she said in a LinkedIn post. […]

Treasury
Treasury
IRS
Treasury

The Department of Treasury has awarded Science Applications International Corp. (SAIC) a $1.3 billion cloud modernization contract to “support a complete range of cloud and professional IT services,” the company announced last week. […]

Treasury

Officials with the Treasury Department’s Bureau of the Fiscal Service (BFS) and the Agriculture Department’s Research, Education, and Economics (REE) organization explained this week how their agencies are focusing on making government data more accessible to the public. […]

Treasury

A new report from the U.S. Treasury Financial Crimes Enforcement Network (FinCEN) finds that three-quarters of “ransomware-related incidents” tracked by FinCEN originated from or were connected to the Russian Federation during the second half of 2021. […]

IRS

The cryptocurrency exchange, Bittrex has been imposed with a civil money penalty totaling $29 million by the Financial Crimes Enforcement Network (FinCEN), for violating the Bank Secrecy Act (BSA). The action is also a part of a global settlement with the Office of Foreign Assets Control (OFAC). […]

cyber insurance

Amid the rapid growth of the digital currency marketplace, the Treasury Department’s Financial Stability Oversight Council warned in a new report that cryptocurrencies could “pose risks” to the stability of the U.S. economy – especially in the event of lax government oversight. […]

Treasury
ICAM

Several Federal agencies that have banded together to study ways to improve financial management policies and practices have released a new simulation tool that aims to illustrate concepts for improving identity verification and potentially reduce improper payments. […]

The Department of the Treasury is seeking public input on carrying out its mandate in the White House’s executive order (EO) to ensure the responsible development of digital assets, including cryptocurrencies. […]

cyber insurance

The Government Accountability Office (GAO) is pressing the departments of Treasury and Homeland Security (DHS) to assess whether a further Federal response is needed to address the government’s existing terrorism risk insurance program, which may not cover losses from cyber and other attacks on U.S. critical infrastructure. […]

The Department of the Treasury said it approved about $631 million of funding to four states from the Coronavirus Capital Projects Fund (CPF), which will provide money for affordable broadband infrastructure and other digital connectivity technology projects. […]

Treasury

The Government Accountability Office (GAO) has identified four additional priority recommendations for the Department of the Treasury as of May 2022, including recommendations on improving cybersecurity and modernizing the U.S. financial regulatory system. […]

The growing investment in technology and IT solutions naturally comes with caveats with regards to price. CIOs from the Federal Deposit Insurance Corporation (FDIC), Department of Energy (DOE), and the Environmental Protection Agency (EPA) remain conscientious of making sure the planet does not pay that price. […]

Treasury

The Department of Treasury and the Office of Management and Budget (OMB) have made progress in validating data received from Federal agencies, but both of the agencies need to improve how that data is reported online, according to the Government Accountability Office. […]

Senators Maggie Hassan, D-N.H. and Joni Ernst, R-Iowa, introduced bipartisan legislation that would mandate the Department of Treasury and other Federal entities to review the use and mining of cryptocurrencies globally, and submit a detailed report on the issue to multiple congressional committees. […]

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