Treasury Department

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Today, as a part of Economic Fury, Treasury’s Office of Foreign Assets Control designated a prominent Iranian foreign currency exchange house and associated front companies that oversee hundreds of millions of dollars in transactions on behalf of sanctioned Iranian banks. Collectively, Iranian exchange houses facilitate billions of dollars in foreign currency transactions each year, enabling the regime and its armed forces to evade sanctions, access the international financial system, and move funds derived from oil and petrochemical sales.

Press Release: home.treasury.gov/news/press-rel…

Today, Treasury’s Office of Foreign Assets Control is taking action against four individuals associated with the pro-Hamas flotilla organized by the U.S.-designated Popular Conference for Palestinians Abroad that is attempting to access Gaza in support of Hamas. OFAC is also taking action against key actors operating within Hamas-aligned Muslim Brotherhood networks. Hamas relies on a diverse web of international partners to expand its malign political influence, facilitate violent terrorist activity, and undermine international efforts to achieve lasting peace in Gaza.

🔴 DIRECT | Conférence "No Money For Terror" par Roland Lescure twitter.com/i/broadcasts/1…

Today, Treasury’s Office of Foreign Assets Control is designating 12 individuals and entities for their roles enabling the Islamic Revolutionary Guard Corps’ (IRGC) sale and shipment of Iranian oil to the People’s Republic of China. The IRGC relies on front companies in permissive economic jurisdictions to obfuscate its role in oil sales and funnel the revenue to the Iranian regime. Instead of using this revenue to support the struggling Iranian people, the regime directs it toward weapons development, backing terrorist proxies, and funding security forces that suppress citizens’ freedoms.

As DOJ’s allegations against the Southern Poverty Law Center demonstrates, this Administration will not look the other way as nonprofits exploit tax-exempt status to commit fraud. Treasury is committed to identifying and eliminating fraud, abuse of tax-exempt benefits, and other illicit conduct. The federal government will no longer turn a blind eye. Treasury will continue to work with law enforcement partners to bring such misconduct to light and to hold the entities and individuals who perpetrate it accountable.

For 250 years, faith and freedom have shaped the American story. Rededicate 250 on Sunday, May 17 will be a powerful moment of prayer, worship, and gratitude for the blessings God has placed on this nation. RSVP for Sunday, May 17 in Washington, DC: f250.digital/pray

Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control (OFAC) targeted 10 individuals and companies based in several jurisdictions across the Middle East, Asia, and Eastern Europe that are enabling efforts by Iran’s military to secure weapons, as well as raw materials with applications in Iran’s Shahed‑series unmanned aerial vehicles and ballistic missile program.

Today, Treasury’s Office of Foreign Assets Control (OFAC) updated the names and details associated with Kovay Gardens, a Mexican timeshare resort sanctioned by OFAC in February 2026 for defrauding Americans on behalf of the terrorist Cartel de Jalisco Nueva Generacion. In an attempt to further evade sanctions and continue defrauding victims, Kovay Gardens is now using the following aliases: (1) Navira Villas & Residences and (2) Marina Oasis Beachfront Resort. Treasury is alerting U.S. persons to be vigilant and aware that these aliases represent a U.S.-sanctioned entity that is attempting to scam Americans.

Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control increased pressure on Iran and its proxy militias in Iraq by designating individuals and businesses exploiting Iraq’s oil sector and undermining the country’s security. Today’s action includes Ali Maarij Al-Bahadly—Iraq’s Deputy Minister of Oil, who abuses his position to facilitate the diversion of oil to be sold for the benefit of the Iranian regime—along with three senior leaders of Iran-aligned terrorist militias. home.treasury.gov/news/press-rel…

Today, Treasury’s Office of Foreign Assets Control issued an alert warning the maritime industry that paying “tolls” to the Iranian regime for safe passage through the Strait of Hormuz may result in sanctions exposure. The regime may demand payment in fiat currency, digital assets, offsets, informal swap, or other in-kind payments, such as nominally charitable donations made to the Iranian Red Crescent Society, Bonyad Mostazafan, or Iranian embassy accounts. Treasury will not hesitate to take action against those supporting Iran’s military, including through “toll” payments. Maritime service providers should conduct enhanced due diligence around transits through the Strait of Hormuz. ofac.treasury.gov/media/935556/d…

Press Release: home.treasury.gov/news/press-rel…

Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control designated three Iranian foreign currency exchange houses and their associated front companies. Collectively, Iranian exchange houses facilitate billions of dollars in foreign currency transactions each year. Because Iran primarily settles its oil sales in Chinese yuan, these exchange houses play a critical role in converting oil revenues into currencies that are more readily useable by the Iranian military and its partners and proxies.

Do you agree with Treasury Secretary Bessent? Financial literacy should be treated as a basic life skill — just like reading and writing. Drop a 👍 if you think every American deserves access to clear, trustworthy financial education.

Today, President Trump will travel to The Villages, Florida, to tout his economic agenda for America’s seniors! NO TAX ON SOCIAL SECURITY is a Promise Made, Promise Kept! 💰 amac.us/newsline/polit…

Financial Literacy fuels the American Dream. It is a foundational skill, similar to reading and writing, which is why we must get our youth engaged and excited to learn from an early age. I was pleased to join students, educators, and local partners including nearly a dozen financial institutions for a financial literacy fair at @USTreasury to close out Financial Literacy Month. In addition to visiting booths and exhibitions with learning modules, the students in attendance were invited to participate in @Visa’s Financial Soccer game with special guest “coaches,” @TreasurerBeach and Assistant Secretary Luke Pettit. Under President Trump’s leadership, our Administration is championing financial literacy for all age groups across the country. We are working to ensure that young Americans have the tools to save, invest, and plan for the years ahead—through @TrumpAccounts and many other resources available at MyMoney.gov. As we approach our nation’s 250th anniversary, strengthening financial literacy will help expand opportunity and prepare the next generation to build a more prosperous future.

.@SecScottBessent: "Through Trump Accounts, you will have a direct stake in the American economy and can track your savings and investments in real time…don't miss out on this historic opportunity."