Treasury Secretary Janet L. Yellen testified before the House Financial Services Committee on the Financial Stability Oversight Council's 2021 Annual Report to Congress.

OFAC issued one new General License, published new FAQs and updated an FAQ pertaining to the Syria sanctions program.

At a hearing before the Senate Committee on Banking, Housing and Urban Affairs, Treasury Secretary Janet L. Yellen testified on the Financial Stability Oversight Council's 2021 Annual Report to Congress.

OFAC sanctioned a virtual currency mixer responsible for laundering stolen money and contributing to other illicit activities.

OFAC issued four new General Licenses and published one new and one updated FAQ pertaining to Ukraine-/Russia-related sanctions regulations.

OFAC issued two General Licenses under the Ukraine Related Sanctions Regulations which extend to May 25, 2022 certain wind-down transactions involving GAZ Group.

OFAC sanctioned the "darknet" market, Hydra Market and the ransomware-enabling virtual currency exchange, Garantex.

The DOJ and Department of the Treasury joined a multinational force to coordinate economic countermeasures against Russia in response to its invasion of Ukraine.

The U.S. Treasury Department initiated a new effort to "develop consumer-friendly, trustworthy and consistent educational materials, tools and outreach to help consumers make informed choices about digital assets."

Secretary of the Treasury Janet F. Yellen emphasized the importance of implementing coordinated efforts to effectively combat climate change.