Search result for Treasury Department
CRYPTOCURRENCY POSES A RISK OF TAX EVASION, THERE IS A NEED OF STRICTER COMPLIANCE: US TREASURY
Highlights
• The Treasury said in a release that it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service
• The Treasury Department said “Cryptocurrency already poses a significant detection problem by facilitating illeg...
U.S. BLOCKED FUNDS WORTH $63MN OF TERRORIST GROUPS LIKE JeM & LeT
Highlights
• The United States blocked funds worth $342,000 of the LeT, $1,725 of the JeM and $45,798 of the Harkat-ul-Mujahideen-al-Islami, a jihad group
• The report also said another Pakistan-based terrorist outfit Hizbul Mujahideen, which also operates in Kashmir...
U.S. IMPOSES SANCTIONS ON CHINA’S WAN KUOK KOI, LEADER OF 14K TRIAD
Highlights
• The US imposed sanctions on Wan Kuok Koi, the leader of organised crime group in China named 14K Triad and a member of the Chinese Communist Party’s Chinese People’s Political Consultative Conference
• Along with Wan, who also known as &ldquo...
U.S. SANCTIONS FIVE COMPANIES FROM CHINA & RUSSIA IN LINKS WITH IRAN
Highlights
• The United States has sanctioned five companies in China and Russia over the claims that they were promoting Iran’s missile program
• The Treasury Department has plans to announce more sanctions on Iran in upcoming weeks in relations to arms, human...