Department of the Treasury press releases

Treasury Sanctions Malware and Infrastructure Providers Supporting Ransomware Attacks Against Americans

U.S. Department of the Treasury Office of Public Affairs Press Release: July 13, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Sanctions Malware and Infrastructure Providers Supporting Ransomware Attacks Against Americans WASHINGTON— Today, the Office of Foreign Assets Control (OFAC) is designating two individuals and one entity enabling ransomware actors’ and other cybercriminals’ malign activities, notably ransomware attacks against Americans. These include First VPN Service ( 1VPNS ), a virtual private network (VPN) provider selling services to ransomware groups, and its administrator, Dmytro Rashevskyi ( Rashevskyi ). OFAC is also designating Yegeniy Vladimirovich Silayev ( Silayev ), an individual who sells “cryptors,” which are tools used to disguise ransomware and other malware as safe programs to prevent security systems from detecting or deactivating them. Ransomware groups utilizing these individuals’ services have caused billions of dollars in losses to U.S. businesses and critical infrastructure providers. “Under President Trump’s leadership, Treasury is using every available tool to disrupt the cybercriminal ecosystem and protect the American people,” said Gene Lange , who is performing the duties of the Under Secretary for Terrorism and Financial Intelligence. “We will continue targeting the actors who enable ransomware attacks against Americans and our critical infrastructure.” This action is being coordinated with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO). Today, the FCDO is sanctioning other cybercriminals and their enablers. This action also follows a May 2026 takedown of 1VPNS’s website and other infrastructure by European law enforcement authorities, with the support of the Federal Bureau of Investigation’s (FBI) Boston Field Office. The FBI has also released a cybersecurity advisory describing 1VPNS’s tactics, techniques, and procedures to help U.S. and other businesses detect and prevent ransomware attacks. Click here to report cyber-enabled crime to the FBI. These designations are being issued in furtherance of President Trump’s Executive Order (E.O.) 14390 of March 6, 2026, “Combatting Cybercrime, Fraud, and Predatory Schemes Against American Citizens,” which orders U.S. government agencies to take action to protect Americans from, and harden our financial and digital systems against, the threat posed by foreign actors engaged in cybercrime, cyber-enabled fraud, extortion, and predatory schemes. OFAC is designating these persons pursuant to E.O. 13694, as amended by E.O. 13757, E.O. 14144, and E.O. 14306 (“E.O. 13694, as amended”). 1VPNS: VPN SERVICE ENABLING RANSOMWARE OPERATIONS 1VPNS is a VPN provider whose principal clients include ransomware actors and other cybercriminals. VPNs, which allow users to encrypt their internet traffic and hide their computers’ true location, have legitimate uses for privacy and security, but can support malicious activity if misused. Numerous ransomware groups have purchased infrastructure from 1VPNS, which they have leveraged in attacks on U.S. companies and institutions—including to hide the origins of their attacks, deploy malware, and manage exfiltrated data. Victims of ransomware attacks that involved the use of 1VPNS infrastructure have included U.S. businesses, financial services companies, hospitals, and municipal governments. 1VPNS and its administrator, Rashevskyi, have provided this technological support to illicit actors. Since 2014, 1VPNS has advertised its services on multiple online cybercriminal forums, stating that it does not keep logs of users’ identities or activities, and that it refuses to cooperate with law enforcement investigations into illegal activity originating from the servers it rents to customers. Rashevskyi has used false identities, including “Maksim Sorin” and “Roman Chabanenko,” to buy infrastructure from companies that might otherwise refuse to do business with him because of complaints of abuse from internet service providers about illegal activity originating from 1VPNS servers. OFAC is designating 1VPNS and Rashevskyi pursuant to E.O. 13694, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, cyber-enabled activities originating from, or directed by persons located, in whole or substantial part, outside the United States that are reasonably likely to result in, or have materially contributed to, a threat to the national security, foreign policy, or economic health or financial stability of the United States, and that have the purpose of or involve engaging in a ransomware attack, such as extortion through malicious use of code, encryption, or other activity to affect the confidentiality, integrity, or availability of data or a computer or network of computers, against a United States person, the United States, a United States ally or partner, or a citizen, national, or entity organized under the laws thereof. OTHER ENABLERS OF THE CYBERCRIME ECOSYSTEM In addition to 1VPNS and Rashevskyi, OFAC is designating Silayev, a Belarusian national and a cryptor provider who has supplied encryption and obfuscation services to ransomware operators targeting U.S. and allied entities. Unlike legitimate encryption tools, which are designed to protect data and the privacy of the people that own it, cryptors are built specifically to make malware stealthier and more effective by disguising it as harmless files. OFAC is designating Silayev pursuant to E.O. 13694, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, cyber-enabled activities originating from, or directed by persons located, in whole or substantial part, outside the United States that are reasonably likely to result in, or have materially contributed to, a threat to the national security, foreign policy, or economic health or financial stability of the United States, and that have the purpose of or involve engaging in a ransomware attack, such as extortion through malicious use of code, encryption, or other activity to affect the confidentiality, integrity, or availability of data or a computer or network of computers, against a United States person, the United States, a United States ally or partner, or a citizen, national, or entity organized under the laws thereof. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the United States or abroad who provide information about sanctions violations to Treasury’s Financial Crimes Enforcement Network’s whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the SDN List, but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the individuals and entities designated or otherwise blocked today . ###

Treasury Targets Key Supreme Leader Financier and Iran’s Shadow Exchange Houses

U.S. Department of the Treasury Office of Public Affairs Press Release: July 10, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Targets Key Supreme Leader Financier and Iran’s Shadow Exchange Houses WASHINGTON— Today, following Iran’s resumption of attacks on international shipping in the Strait of Hormuz, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iranian financial facilitator Ali Ansari (Ansari) , who oversees a sprawling global network of assets benefitting Iran’s leader—Mojtaba Khamenei—and other regime elites. Ansari has effectively institutionalized large‑scale embezzlement within the Iranian regime, diverting publicly funded wealth into an extensive overseas portfolio of real estate and commercial holdings to enrich himself, regime elites—including notable senior figures within the Supreme Leader’s Office—and the Islamic Revolutionary Guard Corps (IRGC). OFAC today also targeted key Iranian exchange houses that move billions of dollars annually on behalf of sanctioned Iranian banks, using layers of shell companies to obscure the regime’s illicit financial activity. “The so-called Supreme Leader is hiding in seclusion while his regime crumbles,” said Secretary of the Treasury Scott Bessent . “Treasury will continue using every tool at its disposal to isolate him and other regime elites from the global financial system. We will preserve these assets for the Iranian people.” Today’s action is being taken pursuant to E.O. 13902, which targets persons operating in Iran’s financial and petroleum sectors, E.O. 13876, which focuses on the Supreme Leader of Iran and his affiliates, and the counterterrorism authority E.O. 13224, as amended by E.O. 13886 (“E.O. 13224, as amended”). These designations build on a series of OFAC actions targeting Iranian shadow banking and currency exchange house networks. KEY FINANCIER FOR THE SUPREME LEADER’S OFFICE Dubai-based Iranian national Ali Ansari has made a name for himself by institutionalizing embezzlement within the Iranian regime and has subsequently amassed a global network of investment properties and financial holdings, both on behalf of Mojtaba Khamenei and for his own self-serving interests by using his close ties to regime elites to enrich himself and his allies at the expense of the Iranian people. Ansari was previously the owner and director of the U.S. sanctioned and now bankrupt and defunct Ayandeh Bank , and he used this position to overextend loans and embezzle billions of dollars from the Iranian people until the Iranian government forced the bank’s dissolution in mid-October 2025. Ayandeh Bank racked up billions in debt as it issued loans backed by the Central Bank of Iran to Ansari’s own companies and commercial ventures in Iran. While Ansari’s embezzlement was causing untold damage to Iran’s economy and the already soaring inflation affecting the daily lives of ordinary Iranians, Ansari was using his publicly funded wealth to simultaneously expand an overseas business empire on behalf of Mojtaba Khamenei. Using numerous shell companies and bank accounts across multiple jurisdictions, Ansari has accumulated millions of dollars’ worth of holdings under the Saint Kitts and Nevis-based Smart Global Limited , a holding company established in 2011 under the former name Ziba Leisure Limited. Through Smart Global Limited, Ansari has invested the Iranian people’s money into real estate and commercial properties throughout Germany, Luxembourg, Spain, the United Kingdom, Cyprus, the United Arab Emirates, and beyond. Although held in Ansari’s name, many of these financial interests are ultimately held for the financial benefit of Mojtaba Khamenei, his family, and other Iranian elites in the regime and the IRGC who have protected Ansari from facing punishment despite his blatant corruption and the significant damage he has caused to the Iranian economy and people. Ali Ansari is being designated pursuant to E.O. 13876 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Mojtaba Khamenei, as well as pursuant to E.O. 13224, as amended, for having acted or purported to act for or on behalf of, directly or indirectly, the IRGC. Smart Global Limited is being designated pursuant to E.O. 13876 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Ali Ansari, and pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Ali Ansari. IRANIAN EXCHANGE HOUSES Iran’s international banking activities are heavily reliant on Iran-based currency exchange houses which hold and move money on behalf of their Iranian bank customers. These exchange houses are often family-run “general partnership” companies formed by at least two individuals, wherein the company partners are ultimately liable for the funds with which they are entrusted by the banks. Mohammad Darbani , Shokufeh Rostam Abadi , and Zahra Sarshari are the controlling partners of Iranian exchange house Mohammad Darbani and Partners Exchange General Partnership Company , which has facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of sanctioned Iranian banks over the last several years. As of early 2026, Darbani Exchange held tens of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers. Shokufeh Rostam Abadi is the exchange house’s chief executive officer (CEO) while Mohammad Darbani is the chairman of the board of directors and Zahra Sarshari is a board member. Ahmad Navai Lavasani and Amir Navai Lavasani are the controlling partners of Iranian exchange house Lavasani and Partners General Partnership Company , which has entered into contracts with sanctioned Iranian banks Bank Melli, Bank Saderat, Sina Bank, Shahr Bank, Eghtesad Novin Bank, Tourism Bank, Bank Pasargad, and Bank Mellat. As of early 2026, Lavasani Exchange held hundreds of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers and has facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of sanctioned Iranian banks over the last several years. Ahmad Navai Lavasani is the exchange house CEO and Amir Navai Lavasani is the chairman of the board of directors. Mohsen Khandan and Ali Asghar Khandan are the controlling partners of Iranian exchange house Mohsen Khandan and Partners General Partnership Company , which has entered into contracts with sanctioned Iranian banks Parsian Bank, Export Development Bank, Bank Saderat, Bank Sepah, Sina Bank, Karafarin Bank, Saman Bank, and Tejarat Bank. Khandan Exchange holds over $117 million in foreign currency on behalf of sanctioned Iranian banks. Mohsen Khandan is the exchange house CEO and Ali Asghar Khandan is the only other partner and board member. Mohammad Darbani and Partners Exchange General Partnership Company, Lavasani and Partners General Partnership Company, and Mohsen Khandan and Partners General Partnership Company are being designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy. Mohammad Darbani, Shokufeh Rostam Abadi, and Zahra Sarshari are being designated pursuant to E.O. 13902 for acting for or on behalf of, directly or indirectly, Mohammad Darbani and Partners Exchange General Partnership Company. Ahmad Navai Lavasani and Amir Navai Lavasani are being designated pursuant to E.O. 13902 for acting for or on behalf of, directly or indirectly, Lavasani and Partners General Partnership Company. Mohsen Khandan and Ali Asghar Khandan are being designated pursuant to E.O. 13902 for acting for or on behalf of, directly or indirectly, Mohsen Khandan and Partners General Partnership Company. These exchange houses move and maintain the equivalent of billions of dollars annually on behalf of sanctioned Iranian banks, which transact through vast layers of cover and shell companies that conceal the sanctioned Iranian commercial parties ultimately behind these transactions. Hong Kong-based CDM Trading Limited is a front company which has been used to conduct financial transactions by multiple Iranian exchange houses, to include Mohsen Khandan and Partners General Partnership Company. Similarly, Naba Alzaki Raw Materials Trading LLC is a UAE-based front company which has been used by Mohsen Khandan and Partners General Partnership Company as part of Iran’s rahbar network. CDM Trading Limited and Naba Alzaki Raw Materials Trading LLC are being designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the U.S. or abroad who provide information about sanctions violations to FinCEN’s whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities with designated or otherwise blocked persons. Furthermore, engaging in certain transactions involving the persons designated today may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons List (SDN List), but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the persons designated today . ###

Making Market History: America Celebrates President Trump’s Joint Bell-Ringing Ceremony as Trump Accounts Launch

U.S. Department of the Treasury Office of Public Affairs Press Release: July 6, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Making Market History: America Celebrates President Trump's Joint Bell-Ringing Ceremony as Trump Accounts Launch WASHINGTON, D.C. - Today, the New York Stock Exchange and Nasdaq joined President Donald J. Trump, U.S. Secretary of the Treasury Scott Bessent, and other influential leaders in the Oval Office to ring the opening bell in celebration of the first market opening after the full launch of Trump Accounts. President Donald J. Trump: Today is a historic day. As we begin America’s 250 th year, we’re launching what’s called Trump Accounts… to ensure that every American child is born with a head start and a fair shot at the American Dream. Treasury Secretary Scott Bessent: The American Dream belongs to every child. Today, we are equipping the next generation to claim their rightful share. Thanks to President Trump, eligible families can now access Trump Accounts. Visit TrumpAccounts.gov and download the official Trump Accounts app to help your child jumpstart his or her financial future. Vlad Tenev, Robinhood Chairman and CEO, on CNBC's Squawk Box: It’s a tremendous honor to be associated with this program... I think that ownership is essential. And, you know, today, 62% of Americans own stock. So, the question we ask ourselves is, how can we get that close to 100%? Can we get that into the 90[th percentile]? This allows us to extend ownership to every newborn, eventually everyone under the age of 18. I think that in this world that feels increasingly unstable, getting people to own and have skin in the game in great American companies is essential to ensuring that we continue to lead the world. Robin Vince, CEO of the Bank of New York Mellon, on CNBC’s Squawk Box: Thank you to President Trump. Thank you to Secretary Bessent. Thank you to the National Design Studio, our partners, Robinhood, in bringing Trump Accounts live... So what are we doing with the financial manager of the program? We’re partnering with the Treasury Department, with Robinhood, with the National Design Studio, to actually make it happen—to bring the concept, the public policy, the idea of investing in America, and the platform for education to really enable it, to make it real, so that people can actually start their journey in the investing and participation program. Governor Jeff Landry on Newsmax’s National Report : It’s always great when the government gives us some money as well, but I think that the lesson here is that the government is saying, "Listen, we’re going to invest in our future." That’s what the President is doing. The President is saying, "Listen, these Trump Accounts are an investment in our future, which are the generations that are coming up at this time." Jenny Johnson, CEO of Franklin Templeton on CNBC’s Power Lunch: Trump Account broaden the capability of people to have access to the market. So let me put that in the power of compounding. If you invest $5,000 a year, $1,000 a year for 10 years at age 20, when you retire at 60, you will have more money than a person who starts to invest at age 30 and invested the same amount per year for 30 years. That’s the power of compounding. And so if you look at the Trump Accounts, we’re now starting at birth and being able to compound; I think it’s incredibly powerful. Joe Gebbia, US Chief Design Officer and Co-Founder of Airbnb on Bloomberg’s “The Close”: For those children born within the Trump Administration, the incentive is very clear. It’s $1,000 from the Treasury gifted to the child to kick start an incredible experience for a child to grow up connected to the economy, connected to the United States of America, connected to the stock market. They actually get to watch in the app how their investment grows over time. Imagine being a young person, learning about finance, financial literacy, and having a piece in the success of America’s future. This is one of most exciting product launches I’ve ever been involved in. Agriculture Secretary Brooke Rollins: As a mom, this is such a game-changer. President Trump just launched the Trump Accounts giving American children a real kickstart to their financial future with tax-advantaged savings and investment accounts. Launched on the 4th during our nation’s 250th anniversary, and now with the President hosting the official rollout TODAY. These accounts put families in the driver’s seat: parents, grandparents, family, and friends can contribute, and eligible kids even get that initial boost from the Treasury. It’s about building real opportunity and security for the next generation, NOT more debt. Thank you, President Trump! Acting Labor Secretary Keith Sonderling: Trump Accounts represent a generational opportunity to help millions of children get a leg up on the American dream. As a father, I'd like to thank President Trump for his commitment to their future and the work of Secretary Bessent to shepard the historic launch of the program. I encourage families to invest in their child's future today and learn more at TrumpAccounts.gov. Department of Labor: Trump Accounts are jumpstarting a golden age of investing for future generations! Children born in 2025-2028 are eligible for a $1K contribution from the Treasury Department, and families can add up to $5K/year. Employers: You can support your workers' families, too — contributing to these accounts is an excellent employee benefit. Our latest guidance clarifies that ERISA rules generally do not apply to these contributions. Read it here: https://dol.gov/agencies/ebsa/employers-and-advisers/guidance/technical-releases/26-02 Small Business Administrator Kelly Loeffler: Not only do Trump Accounts help working families build lasting wealth for their children; they also give our job creators a new, low-cost, tax-preferred way to attract and retain talent by investing in their employees’ families. It’s an investment in Main Street – and in the next generation of builders, dreamers, and doers who will keep America strong. Small Business Administration: Trump Accounts are now live! With the option for employer contributions, Trump Accounts are a great benefit and employee retention tool for small businesses looking to attract talent and invest in America’s future. Learn more at trumpaccounts.gov Veterans Affairs Secretary Doug Collins: Give your child a head start on the American Dream. President Trump's Trump Accounts are tax-advantaged investment accounts owned entirely by your child, helping families across America build wealth for the next generation. Visit TrumpAccounts.gov. Energy Secretary Chris Wright: There is no better place in the world to be born than the United States of America. And thanks to President Trump’s Trump Accounts, America’s newest generation will have the opportunity to begin building long-term financial security from day one. As we begin our next 250 years, we’re investing in the next generation and the enduring promise of the American Dream. Housing and Urban Development Secretary Scott Turner: Trump Accounts will help the next generation build wealth, gain financial literacy, and secure the American Dream. The Golden Age is here to stay for future generations thanks to President Trump! SEC Chairman Paul Atkins: Before it was a nation, America was an investment. In that same spirit, the launch of Trump Accounts marks a historic opportunity for the next generation to invest in the American Dream. I applaud President Trump and Secretary Bessent for their work to deliver this initiative. U.S. Securities and Exchange Commission (SEC): Trump Accounts are live! Your child’s investing journey begins today. Learn more at http://Investor.gov/TrumpAccounts Louisiana Governor Jeff Landry: Trump Accounts are LIVE! Thanks to President Trump and Secretary Bessent’s leadership children can now take part in the American economy from DAY ONE! The American Dream is accessible and attainable for all! Idaho Governor Brad Little: Trump Accounts are officially LIVE! This historic investment is a game changer in providing opportunity for America’s children and building a stronger foundation for Idaho’s next generation. Alabama Governor Kay Ivey: Thank you, President Trump, for continually fighting for the American Dream! Alabama families, be sure to participate in Trump Accounts. Truly, there is no better time to be an American than right now. South Carolina Governor Henry McMaster: Trump Accounts are another investment in America’s future. Thank you, President Trump, for your leadership in giving America’s children a strong financial foundation and helping more families build opportunity for the next generation. Entrepreneur Anthony Pompliano: Here are my takeaways: 1. This program may have the most bipartisan support of anything I have ever seen. Everyone, regardless of political party, understands the power of giving young children money to compound over decades. 2. While the government and current administration should get immense credit for the program, there were many private citizens… They quite literally changed the course of millions of lives with this idea. BlackRock: One of America's greatest advantages is its capital markets, yet today, roughly 40% of Americans still have no exposure to them. Helping more Americans participate in that growth may be one of the most important economic opportunities of our time. That's why initiatives like Trump Accounts are so promising. https://1blk.co/4gSiTD6 BlackRock Chairman & CEO Larry Fink: Giving every newborn American an investment account-and the capital to begin compounding from day one-creates a mindset: from birth, every child has a stake in the country’s future. ###

President Trump and Secretary Bessent participate in ringing the NYSE and Nasdaq opening bell to officially launch Trump Accounts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 6, 2026 Contact: Treasury Public Affairs, Press@treasury.gov President Trump and Secretary Bessent Participate in Ringing the NYSE and Nasdaq Opening Bell to Officially Launch Trump Accounts Washington, D.C. – President Trump and Secretary Bessent participate in ringing the NYSE and Nasdaq opening bell to officially launch Trump Accounts. U.S. Treasury Announces The Official Launch Of Trump Accounts And Full Scope Of The App Washington, D.C. – The U.S. Department of the Treasury announced the official launch of the full Trump Accounts app, giving American families a new way to view, manage, and grow their children’s stake in the nation’s economic future. On the 250th anniversary of the founding of the United States, the U.S. Department of the Treasury is marking a historic milestone with the nationwide launch of Trump Accounts, an innovative savings and investment platform designed to ensure that future generations of Americans own a stake in the American economy from day one. “Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump,” said U.S. Treasury Secretary Scott Bessent, “The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child's account, exploring financial education modules, and more.” Trump Accounts will help families build long-term financial security while deepening their understanding of how our markets work. Full-scope app launch With today’s launch, the Trump Accounts app now offers full-scope functionality nationwide, allowing parents and kids to securely access their account, see their funds in real time, and contribute to their Trump Account directly from their phone or tablet. New account dashboards provide a clear view of balances, contributions, and investment performance, empowering families to track progress as children grow. The app also includes exciting new features for parents, making it easier to set recurring contributions, link bank accounts, and receive personalized guidance on building their child’s financial future. Financial education for families To complement the launch of full account access, Trump Accounts now includes 15 interactive financial education modules for parents and children. These modules introduce concepts such as saving, investing, compound growth, diversification, and the role of American capital markets in supporting businesses and jobs. Parents and kids can explore lessons together in the app as they complete modules and apply what they learn to their own Trump Account. By linking learning directly to a real investment account, the program aims to make financial education concrete, engaging, and actionable for families across the country. Expanding stock ownership from day one Historically, stock ownership in the United States has been unevenly distributed, with many households—especially younger and lower‑income families—having little or no exposure to the stock market. While recent data show that a majority of adults now own stock in some form, millions still lack an easy, trusted way to begin investing for their children’s future. Trump Accounts are designed to change that trajectory by helping children start with a foothold in the American economy from birth or early childhood. By combining automatic contributions, long-term investment options, and clear educational tools, the program seeks to increase the share of Americans who benefit from the growth of U.S. businesses and markets over their lifetimes. Enrollment and market opening If families have not yet signed up for Trump Accounts, they can do so by visiting TrumpAccounts.gov, where they can learn more about eligibility, safeguards, and program features before opening an account. TrumpAccounts.gov also links directly to major app stores where parents can download the official Trump Accounts app. There is no cost to open an account. Employers, charitable organizations, and governments can contribute free money to Trump Accounts, and children can only receive those contributions if they have an account. Once enrolled, parents can begin contributing immediately, and children will be able to track their investments beginning Monday, July 6. Simple performance graphs in the app will help young account holders see how saving and investing over time can build meaningful resources for education, entrepreneurship, homeownership, and retirement. Employer Contributions Over 50 companies have committed to offer Trump Account contributions for children of their employees. Employer contributions are one example of free money that may be available for children through Trump Accounts, even if they aren’t eligible for the $1,000 from Treasury. Trump Accounts give small businesses a new, low-cost, tax-preferred benefit they can use to attract and keep workers, invest in their employees’ families, help workers share in America’s growth, and strengthen Main Street over the long term, while also helping employees build long‑term wealth for their kids. Even small, regular contributions can compound over 18+ years, so modest small‑business dollars can turn into meaningful long‑term assets for employees’ families. If you are a business or company and interested in employee contributions to Trump Accounts, please email TrumpAccounts@treasury.gov . ###

U.S. Treasury Announces The Official Launch Of Trump Accounts And Full Scope Of The App

U.S. Department of the Treasury Office of Public Affairs Press Release: July 4, 2026 Contact: Treasury Public Affairs, Press@treasury.gov U.S. Treasury Announces The Official Launch Of Trump Accounts And Full Scope Of The App Washington, D.C. – The U.S. Department of the Treasury today announced the official launch of the full Trump Accounts app, giving American families a new way to view, manage, and grow their children’s stake in the nation’s economic future. On the 250th anniversary of the founding of the United States, the U.S. Department of the Treasury is marking a historic milestone with the nationwide launch of Trump Accounts, an innovative savings and investment platform designed to ensure that future generations of Americans own a stake in the American economy from day one. “Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump,” said U.S. Treasury Secretary Scott Bessent, “The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child's account, exploring financial education modules, and more.” Trump Accounts will help families build long-term financial security while deepening their understanding of how our markets work. Full-scope app launch With today’s launch, the Trump Accounts app now offers full-scope functionality nationwide, allowing parents and kids to securely access their account, see their funds in real time, and contribute to their Trump Account directly from their phone or tablet. New account dashboards provide a clear view of balances, contributions, and investment performance, empowering families to track progress as children grow. The app also includes exciting new features for parents, making it easier to set recurring contributions, link bank accounts, and receive personalized guidance on building their child’s financial future. Financial education for families To complement the launch of full account access, Trump Accounts now includes 15 interactive financial education modules for parents and children. These modules introduce concepts such as saving, investing, compound growth, diversification, and the role of American capital markets in supporting businesses and jobs. Parents and kids can explore lessons together in the app as they complete modules and apply what they learn to their own Trump Account. By linking learning directly to a real investment account, the program aims to make financial education concrete, engaging, and actionable for families across the country. Expanding stock ownership from day one Historically, stock ownership in the United States has been unevenly distributed, with many households—especially younger and lower‑income families—having little or no exposure to the stock market. While recent data show that a majority of adults now own stock in some form, millions still lack an easy, trusted way to begin investing for their children’s future. Trump Accounts are designed to change that trajectory by helping children start with a foothold in the American economy from birth or early childhood. By combining automatic contributions, long-term investment options, and clear educational tools, the program seeks to increase the share of Americans who benefit from the growth of U.S. businesses and markets over their lifetimes. Enrollment and market opening If families have not yet signed up for Trump Accounts, they can do so by visiting TrumpAccounts.gov, where they can learn more about eligibility, safeguards, and program features before opening an account. TrumpAccounts.gov also links directly to major app stores where parents can download the official Trump Accounts app. There is no cost to open an account. Employers, charitable organizations, and governments can contribute free money to Trump Accounts, and children can only receive those contributions if they have an account. Once enrolled, parents can begin contributing immediately, and children will be able to track their investments beginning Monday, July 6. Simple performance graphs in the app will help young account holders see how saving and investing over time can build meaningful resources for education, entrepreneurship, homeownership, and retirement. Employer Contributions Over 50 companies have committed to offer Trump Account contributions for children of their employees. Employer contributions are one example of free money that may be available for children through Trump Accounts, even if they aren’t eligible for the $1,000 from Treasury. Trump Accounts give small businesses a new, low-cost, tax-preferred benefit they can use to attract and keep workers, invest in their employees’ families, help workers share in America’s growth, and strengthen Main Street over the long term, while also helping employees build long‑term wealth for their kids. Even small, regular contributions can compound over 18+ years, so modest small‑business dollars can turn into meaningful long‑term assets for employees’ families. If you are a business or company and interested in employee contributions to Trump Accounts, please email TrumpAccounts@treasury.gov . ###

A Look at the First-Year Results of the Working Families Tax Cuts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 2, 2026 Contact: Treasury Public Affairs, Press@treasury.gov A Look at the First-Year Results of the Working Families Tax Cuts American Families and Workers Claimed Over $82 billion in Individual Relief Directly from the Working Families Tax Cuts WASHINGTON – As America celebrates its 250th anniversary, we also mark another milestone: one year since President Trump signed the Working Families Tax Cuts into law. Treasury’s analysis of the first filing season under the law provides an early measure of the Working Families Tax Cuts impact and the tax relief delivered to low- and middle-income American families and workers across the country. “One year ago, President Trump signed the Working Families Tax Cuts into law, and it took only a single tax season for American families and workers to overwhelmingly benefit from lower taxes, bigger refunds, and increased take home pay,” said Secretary Scott Bessent . “As promised, President Trump and the unity of a Republican majority in Washington delivered this landmark legislation that codifies the America First agenda and lays the foundation for a new era of American prosperity.” BLOCKING A $5 TRILLION TAX HIKE President Trump and Republicans in Washington prevented a $5 trillion tax hike with this landmark legislation, and the American people had a record Tax Day because of it. 97% of filers received a tax cut this past filing season , who would have otherwise owed taxes absent the Working Families Tax Cuts. It should not be forgotten every single Democrat voted against this consequential piece of legislation. If the Radical Left had its way, the American people would have been subjected to the largest tax hike in history. CUTTING TAXES FOR LOW- AND MIDDLE-INCOME AMERICANS The Working Families Tax Cuts delivered the largest share of tax relief directly to millions of low- and middle- income Americans providing for their families, working overtime, living on fixed incomes, and running small businesses. Despite critics’ claims, d ata from this most recent filing season shows millions of American families and workers claimed expanded tax deductions and credits tied directly to wages, children, overtime, tips, and earned income. The data further shows tax relief was concentrated among American families and workers earning under $200,000 . 96% of filers receiving a tax cut earned less than $200,000. Filers earning between $100,000 to $200,000 , who claimed one of President Trump’s signature tax cuts, received an average tax cut of over $1,250 . Nearly 70% of filers receiving a tax cut earned less than $100,000. Filers earning between $50,000 to $100,000 , who claimed one of President Trump’s signature tax cuts, received an average tax cut over $815 . DELIVERING FOR AMERICAN FAMILIES AND WORKERS Through the April tax filing deadline, American families and workers claimed over $82 billion in individual relief directly from the Working Families Tax Cuts . That relief will grow as taxpayers who have filed for extensions continue to file their returns. President Trump’s signature tax cuts deliver substantial relief to hardworking Americans and provide greater relief and tax certainty to low- and middle-income households. No Tax on Tips : Over 7.5 million filers have claimed No Tax on Tips , with an average deduction of over $7,000 . 90% of filers claiming the No Tax on Tips deduction had income under $100,000. 99% of filers claiming the No Tax on Tips deduction had income under $200,000. No Tax on Overtime : Over 29 million filers have claimed No Tax on Overtime , with an average deduction of over $3,100 . 75% of filers claiming the No Tax on Overtime deduction had income under $100,000. 96% of filers claiming the No Tax on Overtime deduction had income under $200,000. Enhanced Senior Deduction : Over 35 million seniors have claimed the Enhanced Deduction for Seniors , with an average deduction of over $7,500 . 68% of filers claiming the Enhanced Senior Deduction had income under $100,000. 94% of filers claiming the Enhanced Senior Deduction had income under $200,000. No Tax on Car Loan Interest : Over 1.4 million filers have claimed No Tax on Car Loan Interest on their new American vehicles, with an average deduction of over $1,800 . 62% of filers claiming the No Tax on Car Loan Interest deduction had income under $100,000. 98% of filers claiming the No Tax on Car Loan Interest deduction had income under $200,000. Trump Accounts : Over 5.5 million Trump Accounts have been opened , with 1.4 million eligible for the $1,000 pilot program contribution. 86% of all Trump Accounts opened are linked to families earning less than $200,000, giving working families more opportunity to invest in the future of their young, loved ones. Enhanced Child Tax Credit : Nearly 40 million families have claimed the enhanced Child Tax Credit , which is permanently doubled and expanded by the Working Families Tax Cuts. 65% of all families claiming the credit had income under $100,000. 89% of all families claiming the credit had income under $200,000. Doubled Standard Deduction : Over 127 million filers (90% of all tax filers) have claimed the permanently doubled standard deduction , simplifying tax filing for millions across America. ###

Treasury and IRS to Accept Philanthropic Stock Contributions for Trump Accounts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 2, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury and IRS to Accept Philanthropic Stock Contributions for Trump Accounts WASHINGTON, D.C. — The U.S. Department of the Treasury today announced that it will accept large philanthropic contributions of readily tradable public company stock to support Trump Accounts. This announcement comes ahead of the formal launch of Trump Accounts on July 4, 2026. Under the new process, eligible philanthropic contributors may transfer approved publicly traded stock to Treasury. The stock will be contributed to Trump Accounts for eligible children consistent with the donor’s instructions, applicable law, and Treasury guidance. “Today’s announcement makes it easier for philanthropists to help American children build long-term financial security,” said Treasury Secretary Scott Bessent . “By accepting contributions of publicly traded stock, Treasury is creating a practical pathway for large-scale private giving to support the next generation.” Trump Accounts are designed to help eligible children begin saving and investing early in life. Over six million families have signed up for Trump Accounts prior to the official launch of the program this month. Parents can download the official app to get started today. For more information about Trump Accounts, visit trumpaccounts.gov. ###

Treasury Announces Investment Lineup for Trump Accounts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 1, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Announces Investment Lineup for Trump Accounts WASHINGTON, D.C. — The U.S. Department of the Treasury today announced the investment lineup for Trump Accounts, including the initial default investment that will be available at launch and four additional low-cost index fund options that responsible parties will be able to elect in the coming months. Through Trump Accounts, American families will be able to choose among the lowest cost options available to invest in their children’s future. At launch, all contributions to Trump Accounts will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM) a low-cost exchange-traded fund (ETF) that tracks the performance of the S&P 500 Index. The fund was selected to provide broad exposure to the U.S. stock market while maintaining expenses well below the statutory fee limitation. Treasury has also selected the following additional low-cost index ETFs for the Trump Accounts investment lineup: iShares Core S&P 500 ETF (IVV) Vanguard Total Stock Market ETF (VTI) State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) iShares Core S&P total U.S. Stock Market ETF (ITOT) These funds have been selected to provide diversified exposure across major segments of the financial markets while keeping investment costs low. At launch, the SPYM will serve as the default investment for all Trump Accounts. In the coming months, Treasury expects to make available functionality that will allow parents or guardians to choose how to allocate funds across the additional investment options. Until that functionality is available, all contributions will remain invested in the default fund. Treasury will announce when investment election functionality becomes available and will provide instructions for responsible parties wishing to change their account's investment allocation. For more information about Trump Accounts, visit trumpaccounts.gov ###

Treasury Sanctions Brazilian Criminal Network Exploiting U.S. Financial System to Launder Drug Proceeds

U.S. Department of the Treasury Office of Public Affairs Press Release: July 1, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Sanctions Brazilian Criminal Network Exploiting U.S. Financial System to Launder Drug Proceeds WASHINGTON— Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Brazilian nationals, three Brazilian companies, and one Portuguese company for their links to Latin America’s largest criminal gang, Brazil-based Primeiro Comando da Capital (PCC). PCC represents a significant threat to U.S. national security, as its operatives throughout the United States, particularly in Florida, launder drug proceeds and contribute to a cycle of criminality. PCC is now the largest transnational criminal organization (TCO) in the Western Hemisphere, and in recent years has expanded its operations globally, with significant presence in countries such as the United Kingdom, Turkey, and Japan. In the United States, PCC represents a real and growing criminal threat. Networks such as the one targeted today engage in drug trafficking, bulk cash smuggling for cartels, and other illicit activities to generate revenue streams for PCC. Recent law enforcement actions by Brazilian authorities revealed a PCC-controlled trade-based money laundering operation utilizing a Chinese electronics distribution network and Chinese e-commerce platform to launder more than $190 million over seven months. “This designation is another step by the United States government to address and acknowledge the increasing presence of Primeiro Comando da Capital’s illicit revenue generation within our borders,” said Gene Lange , who is performing the duties of the Under Secretary for Terrorism and Financial Intelligence . “Organized crime within the Western Hemisphere must not be allowed to establish operations on American soil that contribute to criminality and lawlessness.” Today’s action reflects the culmination of a coordinated Homeland Security Task Force (HSTF)-led investigation involving the Federal Bureau of Investigation’s (FBI) Miami Field Office and the U.S. Department of Justice’s (DOJ) Money Laundering, Narcotics and Forfeiture Section. OFAC works in close coordination with the HSTFs, which target the proliferation of illicit drugs and the networks, enablers, and financial mechanisms that support their production and distribution. This unified, whole-of-government approach ensures operational coordination to maximize the impact against transnational criminal networks. This action was taken pursuant to Executive Order (E.O.) 14059, which targets the proliferation of illicit drugs and their means of production, as well as E.O. 13224, as amended, which targets terrorists and their supporters. DOJ AND TREASURY COORDINATE TO DISRUPT A PCC MONEY LAUNDERING NETWORK The PCC money laundering network targeted in today’s action has operated from two main locations: Florida and São Paulo, Brazil. In January 2026, FBI arrested six members of the Florida-based group who have been indicted on money laundering charges in the United States District Court for the Southern District of Florida. Today’s OFAC action targets the São Paulo-based node of the network, led by Victor Henrique de Oliveira Shimada (Shimada) and Stella Stefanie Nunes Henrique de Oliveira (Stella). São Paulo-based Shimada has been a key link between the Florida-based PCC operatives and foreign drug traffickers. Shimada and his organization have laundered more than $30 million in illicit proceeds generated in and around multiple cities in the United States, utilizing cryptocurrency to move funds back to Brazil on behalf of PCC. Shimada has also engaged in other financial crimes beyond the laundering of drug proceeds. In January 2025, Shimada was briefly held under house arrest in Brazil because one of his companies, Victory Trading Intermediacão De Negocios Cobrancas E Tecnologia Ltda (Victory Trading), was used to launder money stolen from a Brazilian soccer club as part of an advertising fraud scheme. Stella is a close associate and relative of Shimada who has worked as his secretary and served as a broker for bulk cash pickups, providing critical logistical services that have supported Shimada and his network in their laundering operations. Victor Henrique de Oliveira Shimada is being designated today pursuant to Executive Order 14059 for having provided, or attempted to provide, financial, material, or technological support for, or goods or services in support of PCC. Additionally, Shimada is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, PCC. Stella Stefanie Nunes Henrique de Oliveira is being designated today pursuant to Executive Order 14059 and E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Victor Henrique de Oliveira Shimada. PREVIOUS OFAC ACTIONS TARGETING PCC Today marks OFAC’s third action against the PCC and its operatives. On March 14, 2024 , OFAC designated Diego Macedo Gonçalves do Carmo pursuant to E.O. 14059 for the significant role he played in laundering significant sums of money for PCC. On December 15, 2021 , OFAC designated PCC as an organization pursuant to E.O. 14059 for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production. AN EXTENSIVE CORPORATE NETWORK CONTROLLED BY PCC Relying on a network of companies, Shimada is able to evade detection while receiving illicit funds generated in the United States and launder these funds for PCC in Brazil. The companies include Victory Trading, Pixwave Solucoes De Pagamentos Ltda (Pixwave), and Wave Construcoes Inteligentes Ltda (Wave), all based in São Paulo. Victory Trading and Wave are financial services companies; Pixwave is a construction company. Additionally, Shimada owns Avenidas Flutuantes Unipessoal Lda , a transportation and storage company based near Lisbon, Portugal. Victory Trading Intermediacão De Negocios Cobrancas E Tecnologia Ltda, Pixwave Solucoes De Pagamentos Ltda, Wave Construcoes Inteligentes Ltda, and Avenidas Flutuantes Unipessoal Lda are being designated today pursuant to E.O. 14059 and E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Shimada. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the U.S. or abroad who provide information about sanctions violations to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network’s (FinCEN) whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. Furthermore, engaging in certain transactions involving the persons designated today may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons List (SDN List), but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . For more information on the persons designated today, click here . ###

Treasury Opens the New Designation Cycle for Opportunity Zones

U.S. Department of the Treasury Office of Public Affairs Press Release: July 1, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Opens the New Designation Cycle for Opportunity Zones The Working Families Tax Cuts Permanently Established a Process for States to Drive More Capital to Overlooked Communities Across America WASHINGTON – The U.S. Department of the Treasury announced the opening of the next nomination period for states, territories, and the District of Columbia to nominate eligible communities to be designated as Qualified Opportunity Zones (QOZs). Under President Trump’s Working Families Tax Cuts, the Opportunity Zone tax incentive was permanently renewed, enhanced incentives for investment in eligible rural communities were added, and a process was established for redesignating zones every 10 years. “Under President Trump’s leadership, the Working Families Tax Cuts permanently renewed and strengthened Opportunity Zones, giving investors, entrepreneurs, and local leaders the long-term certainty they need to commit capital to communities that have been overlooked for too long,” said Treasury Secretary Scott Bessent . “With the nomination period now open, governors have the opportunity to help direct private investment to communities that stand to benefit most. Treasury looks forward to working with states to expand economic opportunity, support job creation, and unlock long-term growth in communities across the country.” To assist with this process, the Community Development Financial Institutions Fund (CDFI Fund) has developed an Opportunity Zone Nomination Tool , through which governors can identify and select communities, and access detailed instructions for completing and submitting nominations. Background Under President Trump’s Working Families Tax Cuts, the permanent renewal of the Opportunity Zone tax incentives, including enhanced incentives for investment in eligible rural communities, will continue to boost private investment to underserved communities across America, building on tens of billions of private sector dollars already invested since these tax incentives were established by the 2017 Tax Cuts and Jobs Act. The current nomination period will determine which census tracts are eligible for new investment beginning January 1, 2027. Because new designations will occur only once every 10 years, jurisdictions that do not nominate an eligible tract during this window would not have another opportunity until the next designation cycle. The census tracts eligible for designation include some of the most distressed areas in the country, and designation as a QOZ can help attract new investment, create jobs, stimulate economic growth, and provide meaningful opportunities for residents. The poverty rate, median family income rate and other variables will be available in the CDFI Fund’s Community Investment Mapping System (CIMS) and on the Treasury Department’s data transparency page which is available here . On April 6, the Treasury Department and the IRS also released a list of 25,332 eligible census tracts for nomination, of which 8,334 are eligible for rural benefits enacted as part of the Working Families Tax Cuts. Additional information on nomination procedures was sent directly to the Governors and the Mayor of the District of Columbia. The list of eligible census tracts is available here . ###

Treasury Targets Criminal Facilitators Behind CJNG’s Cross‑Border Fuel Smuggling Schemes

U.S. Department of the Treasury Office of Public Affairs Press Release: June 30, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Targets Criminal Facilitators Behind CJNG’s Cross‑Border Fuel Smuggling Schemes Treasury Issues Alert on Cartel Fuel Smuggling and Tax Evasion Schemes on the U.S. Southern Border WASHINGTON —Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) announced multiple actions combatting fuel smuggling schemes linked to Cartel de Jalisco Nueva Generacion (CJNG), a violent drug cartel designated under both counternarcotics and counterterrorism authorities. OFAC has sanctioned two Mexican nationals and nine entities tied to a CJNG-linked fuel theft scheme—involving cross-border smuggling, falsified customs documents, and shell companies—to evade Mexican taxes while generating tens of millions of dollars annually for the cartel. In addition, FinCEN issued a supplemental Alert providing additional guidance on financial typologies and red flags indicative of CJNG and other Mexico-based transnational criminal organizations (TCOs) smuggling fuel from the United States into Mexico in schemes involving Mexican tax evasion. "Today's action highlights the extent to which Mexico's cartels are expanding beyond traditional drug trafficking to generate revenue for their criminal organizations, which continue to traffic deadly drugs that kill Americans," said Secretary of the Treasury Scott Bessent . "Treasury's actions targeting these illicit revenue streams advance the Trump Administration's priority of dismantling these terrorist organizations and making America safe again." Today’s action reflects strong collaboration between OFAC and FinCEN, and was coordinated with a South Texas Homeland Security Task Force (HSTF)-led investigation involving the Drug Enforcement Administration (DEA), Homeland Security Investigations (HSI), Federal Bureau of Investigation (FBI), Internal Revenue Service – Criminal Investigation (IRS-CI), Department of Commerce – Bureau of Industry and Security (BIS), and U.S. Customs and Border Protection (CBP), among others. OFAC and FinCEN work in close coordination with the HSTFs, which target the proliferation of illicit drugs and the networks, enablers, and financial mechanisms that support their production and distribution. Today’s sanctions were also developed jointly with the Government of Mexico’s financial intelligence unit, the Unidad de Inteligencia Financiera (UIF). Among those designated is Oscar Guillermo Juraidini Silva , who supports CJNG in a fuel smuggling enterprise that generates hundreds of millions of dollars each year. FinCEN’s Alert is one of several recent FinCEN advisory and analytic products on revenue streams and illicit activity associated with Mexico-based FTOs and other criminal organizations, to include the procurement of fentanyl precursor chemicals and fentanyl-related threat patterns and trends ; timeshare fraud ; human smuggling along the southwest border ; bulk cash smuggling ; Chinese money laundering networks and associated threat patterns and trends ; crude oil smuggling on the southwest border ; cross-border funds transfers involving illegal aliens ; human trafficking associated with the 2026 FIFA World Cup ; and non-work authorized populations and their employers and risks to the integrity of the U.S. financial system . CJNG: VIOLENT DRUG CARTEL AND FOREIGN TERRORIST ORGANIZATION CJNG is a U.S.-designated foreign terrorist organization (FTO) and specially designated global terrorist (SDGT) that is responsible for a significant proportion of fentanyl and other deadly drugs trafficked into the United States. On February 20, 2025 , the Department of State designated CJNG as an FTO and SDGT. Treasury previously sanctioned CJNG on April 8, 2015 pursuant to the Foreign Narcotics Kingpin Designation Act and on December 15, 2021 pursuant to Executive Order (E.O.) 14059, which targets the international proliferation of illicit drugs and their means of production. OFAC has taken numerous actions against CJNG-linked individuals and companies for enabling drug trafficking, money laundering, and corruption. In recent years, Mexico-based drug trafficking cartels like CJNG have become increasingly involved in the theft, adulteration, and smuggling of hydrocarbons, such as fuel and oil, in schemes colloquially referred to in Mexico as huachicol. These schemes have grown into powerful revenue generators for CJNG through the theft of tens of billions of dollars in lost revenue for the Mexican government and have enabled CJNG campaigns of narcotics trafficking in the United States, violence against Mexican government forces along the U.S. southwest border, and corruption within Mexico. Over the last two years, OFAC has taken a series of actions targeting cartel involvement in the illicit practice of huachicol , including on September 10, 2024 and on May 1, 2025 . Similarly, FinCEN’s May 2025 Alert provided financial typologies and red flags indicative of crude oil smuggling schemes on the U.S. southwest border associated with CJNG and other Mexico-based TCOs. In the 12-month period following this Alert, FinCEN received over 160 Suspicious Activity Reports (SARs) that detailed over $7 billion in suspicious activity, sent primarily between the United States and Mexico and often involving Mexican cartels, most commonly CJNG. The most common U.S. states involved in the SARs are Texas and Florida. In Texas, the subjects were mostly located in cities and towns near the U.S.–Mexico border, including Brownsville, Mission, Eagle Pass, and McAllen with most subjects involved in the oil and natural gas and transportation industries. CRUDE CRIMINALS AND BEYOND: MEXICAN NORTHBOUND OIL SMUGGLING AND SOUTHBOUND FUEL SMUGGLING Huachicol -related activities are currently the most significant non-drug revenue source for Mexican cartels and other illicit actors. Huachicol -related activities generally encompass (1) fuel and oil theft in Mexico, (2) the smuggling of crude oil into the United States, and (3) the smuggling of fuel from the United States into Mexico involving Mexican tax evasion schemes known as fiscal fuel theft ( huachicol fiscal ). Thieves in Mexico (known as huachicoleros ) use a variety of means to steal fuel and crude oil from Mexico’s state-owned energy company, Petróleos Mexicanos (Pemex), including bribing corrupt Pemex employees, illegally drilling taps into pipelines, stealing from refineries, hijacking tanker trucks, and threatening Pemex employees. Fuel stolen from Pemex is sold on the black market around Mexico. As highlighted in FinCEN’s May 2025 Alert, stolen crude oil is smuggled into the United States through complicit Mexican brokers and often mislabeled as “waste oil” or other hazardous material to avoid scrutiny and evade taxes and regulations. The oil is then delivered to complicit U.S. importers in the oil and natural gas industry operating near the U.S. southwest border, who sell it at a steep discount on the U.S. and global energy markets before repatriating the significant illicit profits back to the cartels in Mexico. As FinCEN’s supplemental Alert highlights, fiscal fuel theft schemes involve Mexico-based cartels and their huachicoleros smuggling gasoline, diesel, naphtha, and other fuel from the United States across the southern border or U.S. ports into Mexico in schemes to evade Mexico’s import tax on fuel, known as I mpuesto Especial sobre Producción y Servicios (IEPS). Through these schemes, the cartels use complicit Mexican trading companies ( comercializadoras ) with fuel distribution permits from Mexico’s National Energy Commission (Comisión Nacional de Energía) to purchase fuel from complicit U.S. fuel distribution companies and issue false invoices to legitimize and commercialize the illicit fuel in Mexico. These brokers, however, lack the appropriate permits from Mexico’s Secretariat of Energy (Secretaría de Energía) to import fuel into Mexico. As part of the scheme, complicit U.S. fuel distributors leverage their relationships with major U.S. refineries and fuel distributors to purchase and then divert fuel to interconnected networks of U.S. and Mexican front and shell companies in the freight, logistics, and other industries before it is smuggled into Mexico via tanker trucks, railcars, and shadow fleets of maritime vessels. The Mexican cartels and their huachicoleros can evade the IEPS through various means, including misclassifying customs documentation, bribery of government officials, or other methods before transporting the fuel to storage yards under their control and then selling it within Mexico for a steep profit through cartel-controlled or affiliated gas stations and unregulated roadside fuel stops. Public reporting suggests that a quarter to a third of all fuel sold in Mexico may be illicit. According to FinCEN’s analysis of Bank Secrecy Act reporting, the Mexican cartels primarily use the brokers and their access to the Mexican financial system to send international wire transfers and digital asset payments to the complicit U.S. fuel distribution companies for the smuggled fuel — either directly or through shell companies acting as pass-through accounts. In other cases, the cartels may pay the complicit U.S. fuel distributors directly through structured cash deposits into their bank accounts with illicit proceeds from drug trafficking and other criminal activities in the United States as a form of trade-based money laundering. The complicit U.S. fuel distributors obfuscate these ill-gotten fuel sales through a variety of money laundering typologies including purchases of (i) luxury goods such as high-end vehicles, high-value jewelry or exclusive vacation rentals/travel destinations; (ii) real estate; and (iii) investment assets. In Mexico, the cartels use their illicit profits from the black market fuel sales to make cash payments to Mexican political campaigns and media outlets to help elect corrupt Mexican politicians willing to assist the cartels control key administrative positions in the government, which facilitates fuel smuggling operations and access to state contracts to launder the illicit profits from these schemes and other criminal activities. FRACTURING CJNG’S FUEL FACILITATORS Building upon OFAC’s prior actions, today OFAC designated Oscar Guillermo Juraidini Silva ( Juraidini ), who is a key business person facilitating CJNG’s fuel theft enterprise. Juraidini operates as an accountant and the mastermind behind certain financial operations for CJNG. Juraidini creates and operates shell companies on behalf of CJNG, and falsifies customs documents for CJNG to aid in the illicit cross-border transfer of fuel. Juraidini imports fuel from the United States into Mexico that is intentionally mislabeled in customs documentation to circumvent Mexican IEPS taxes. The majority of Juraidini’s clients are gas station companies, which receive the refined fuel products and sell them via retail gas stations. Juraidini generates tens of millions of dollars annually, benefiting CJNG. Juraidini owns six businesses in Mexico, operating in transportation, financial services, and real estate sectors. Juraidini’s Mexican companies include: Centro Cambiario La Peseta, S.A. de C.V. ; OJ Living Trust, S.A.P.I. de C.V. ; RK Real King, S.A. de C.V. ; Soma Transporte y Servicios, S.A. de C.V. ; Ogui Fletes ; and OF Transportes . In addition, Juraidini owns a business based in the United Kingdom, Cucumber Sweet Waves Ltd . OFAC designated Oscar Guillermo Juraidini Silva pursuant to E.O. 14059 and E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, CJNG. Additionally, OFAC designated the companies Centro Cambiario La Peseta, S.A. de C.V.; OJ Living Trust, S.A.P.I. de C.V.; RK Real King, S.A. de C.V.; Soma Transporte y Servicios, S.A. de C.V.; Ogui Fletes; OF Transportes; and Cucumber Sweet Waves Ltd pursuant to E.O. 14059 and E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Oscar Guillermo Juraidini Silva. Today, OFAC also designated J. Refugio Ruiz Villagomez , who plays a role in Jomadi Logistics & Cargo, S.A. de C.V. ( Jomadi ) and Ahavat Logistics Solution, S.A. de C.V. ( Ahavat ). J. Refugio Ruiz Villagomez has knowingly smuggled fuel from the United States into Mexico without proper permits. He pays fees to cartels and other criminal organizations that control ports of entry between the United States and Mexico. According to investigative findings made public by Mexico’s Attorney General’s office, Jomadi is an import and export company involved in huachicol fiscal . Jomadi and Ahavat have transacted through the U.S. financial system to the tune of tens of millions of dollars with third parties linked to CJNG that have been involved in huachicol -related activities. OFAC designated Jomadi Logistics & Cargo, S.A. de C.V. and Ahavat Logistics Solution, S.A. de C.V. pursuant to E.O. 14059 for having provided, or attempted to provide, financial, material, or technological support for, or goods or services in support of, CJNG. Additionally, OFAC designated Jomadi Logistics & Cargo, S.A. de C.V. and Ahavat Logistics Solution, S.A. de C.V. pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, CJNG. OFAC also designated J. Refugio Ruiz Villagomez pursuant to E.O. 14059 and E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Jomadi Logistics & Cargo, S.A. de C.V. and Ahavat Logistics Solution, S.A. de C.V. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the United States or abroad who provide information about sanctions violations to the Financial Crimes Enforcement Network’s whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. Furthermore, engaging in certain transactions involving the persons designated pursuant to E.O. 13224, as amended, may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons List (SDN List), but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here to view a chart on the persons designated today . Click here for more information on the persons designated today . ###

Treasury Sanctions Networks Fueling Sudan’s Civil War and Worsening Humanitarian Crisis

U.S. Department of the Treasury Office of Public Affairs Press Release: June 26, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Sanctions Networks Fueling Sudan’s Civil War and Worsening Humanitarian Crisis WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on eight individuals and entities linked to procurement and recruitment networks that continue to fuel Sudan’s devastating civil war between the Sudanese Armed Forces (SAF) and the paramilitary group, the Rapid Support Forces (RSF). These networks have enabled both sides to expand the scale and intensity of the conflict, contributing to one of the world’s worst humanitarian crises and further destabilizing an already fragile region. The ongoing violence has also created conditions that allow for terrorist groups to grow, posing threats to the security and interests of the United States. “The Trump Administration is committed to advancing a lasting peace in Sudan and bringing an end to the conflict,” said Secretary of the Treasury Scott Bessent . “The networks profiting from the conflict in Sudan jeopardize the prospects for the humanitarian truce that the Sudanese people desperately need.” The United States calls on the SAF and the RSF to accept and implement an immediate, unconditional three-month humanitarian truce. Such a truce would allow additional humanitarian assistance to reach those in need, safeguard civilian populations, and create space for further negotiations toward a permanent ceasefire. The United States again calls on external actors to cease all financial and military support to the parties involved in the conflict. Today’s action was taken pursuant to Executive Order (E.O.) 14098, “Imposing Sanctions on Certain Persons Destabilizing Sudan and Undermining the Goal of a Democratic Transition.” OFAC’s investigation of the individuals and entities designated today was conducted in close partnership with the United States Customs and Border Protection, National Targeting Center. SAF PROCUREMENT COMPANIES AND SUPPLIER The Defense Industries System (DIS), Sudan’s largest defense enterprise, supports and maintains the SAF’s arsenal of arms, ammunition, vehicles, and material, often acquired from Iran and other external backers. DIS controls numerous subsidiaries, including the Sudanese conglomerate, Giad Industrial Group (Giad)—also known as Sudan Master Technology—through complex and opaque structures from which DIS has generated billions of dollars. OFAC designated DIS and Giad on June 1, 2023 . DIS’s acquisition of military equipment and related material has enabled the SAF to sustain combat operations against the RSF, conduct attacks against civilians, and reject and obstruct efforts to cease hostilities and achieve a ceasefire. Target Multiactivities Company Ltd. (TMAC) is a Sudan-based company controlled by DIS through Giad. With senior DIS officer Tariq Hussain Muhammad Madani ( Madani ) serving as managing director, TMAC has imported explosives and related material into Sudan from Egyptian and Indian companies, including India-based explosives manufacturer, SBL Energy Limited (SBL). These explosives are subsequently used in bombs deployed by the SAF. SBL, whose chief executive officer is Indian national Alok Choudhari ( Choudhari ), has supplied TMAC with over 200 shipments of explosives and explosives-related materiel since 2024. Ports Engineering Company LTD (Ports Engineering) is a Sudan-based public construction company owned by Sudanese state-owned enterprises, including Giad. Since the start of the conflict in April 2023, Ports Engineering has imported uniforms and footwear worn by Sudanese intelligence personnel from an Emirati company, and ammunition belts and boxes of weapons from a Turkish company. OFAC designated TMAC pursuant to E.O. 14098 for being a foreign person who is owned or controlled by, or has acted or purported to act for or on behalf of, directly or indirectly, DIS, a person whose property and interests in property are blocked pursuant to E.O. 14098. OFAC designated Madani pursuant to E.O. 14098 for being a foreign person who is or has been a leader, official, senior executive officer, or member of the board of directors of TMAC, a person whose property and interests in property are blocked pursuant to E.O. 14098 relating to the tenure of such leader, official, senior executive officer, or member of the board of directors. OFAC designated SBL pursuant to E.O. 14098 for being a foreign person who has materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, TMAC, a person whose property and interests in property are blocked pursuant to E.O. 14098. OFAC designated Choudhari pursuant to E.O. 14098 for being a foreign person who is or has been a leader, official, senior executive officer, or member of the board of directors of SBL, a person whose property and interests in property are blocked pursuant to E.O. 14098 relating to the tenure of such leader, official, senior executive officer, or member of the board of directors. OFAC designated Ports Engineering pursuant to E.O. 14098 for being a foreign person who is owned or controlled by, or has acted or purported to act for or on behalf of, directly or indirectly, Sudan Master Technology, a person whose property and interests in property are blocked pursuant to E.O. 14098. COLOMBIAN RECRUITING NETWORK ASSOCIATES OFAC took action in December 2025 and April 2026 against a transnational network led by retired Colombian military officer Alvaro Andres Quijano Becerra (Quijano) and his wife, Claudia Viviana Oliveros Forero (Oliveros), who have been recruiting former Colombian military personnel to fight in Sudan for the RSF, an armed group that has committed genocide. Quijano and Oliveros have carried out this scheme using companies under their control, including Colombia-based companies International Services Agency (A4SI) and Fénix Human Resources S.A.S., and Panama-based company, Talent Bridge, S.A. (formerly known as Global Staffing S.A.), which was used to minimize A4SI’s legal exposure and obfuscate the links between A4SI and the company hiring the Colombian fighters. Panamanian nationals Enrique Daniel Palacios Quintanilla (Palacios) and Jack Peter Derman Guzman (Derman), and Colombian national Fredy Alejandro Lopez Ocampo (Lopez) were associated with Talent Bridge S.A. dating back to the company’s creation in 2022, each holding official roles. Palacios served as a resident agent, director, and secretary. Derman served as a director, subscriber, empowered representative, and treasurer, and he succeeded Oliveros as president in July 2025, which is when the company rebranded as Talent Bridge, S.A. Lopez served as a secretary, director, and subscriber. OFAC designated Palacios, Derman, and Lopez pursuant to E.O. 14098 for being foreign persons who are or have been leaders, officials, senior executive officers, or members of the board of directors of Talent Bridge, S.A., an entity whose property and interests in property are blocked pursuant to E.O. 14098 relating to the tenure of such leaders, officials, senior executive officers, or members of the board of directors SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the U.S. or abroad who provide information about sanctions violations to Treasury’s Financial Crimes Enforcement Network whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons List (SDN List), but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the persons designated today . ###