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| READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Indian Finance Minister Nirmala Sitharaman | | 03/15/2021 | U.S. Department of the Treasury Office of Public Affairs Press Release: FOR IMMEDIATE RELEASE March 15, 2021 Contact: Alexandra LaManna; press@Treasury.gov READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Indian Finance Minister Nirmala Sitharaman WASHINGTON - Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Indian Finance Minister Nirmala Sitharaman. Secretary Yellen emphasized India’s role as a critical partner in Asia and conveyed her intention to collaborate closely to support a strong global recovery from the COVID-19 pandemic, fight inequality, and advance a bold climate agenda. The Secretary looks forward to cooperating with Minister Sitharaman, both bilaterally and multilaterally, to address shared priorities. ==================================================== |
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SEC Obtains Emergency Asset Freeze, Charges California Trader with Posting False Stock Tweets
03/15/2021 04:47 PM EDT
The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly…
Our Division of Examinations released its 2021 examination priorities, including a greater focus on climate-related risks. 
This email was sent to politikimx@gmail.com using GovDelivery Communications Cloud on behalf of: Securities and Exchange Commission · 100 F Street, NE · Washington, DC 20549 · 202-551-4120
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Release of OFAC Civil Penalties Information The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with UniControl, Inc., a Cleveland, Ohio-based company that manufactures process controls, airflow pressure switches, boiler controls, and other instrumentation. UniControl agreed to remit $216,464 to settle its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR). As a result of its failure to act on multiple apparent warning signals, UniControl exported 21 shipments of its goods from the United States to two European companies with knowledge or reason to know that the goods were intended specifically for supply, transshipment, or reexportation to Iran by the two European companies. For more information, please visit the following web notice. New information on OFAC Civil Penalties and Informal Settlements is now available. |
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The following Global Agricultural Information Network (GAIN) reports were released on Friday, March 12, 2021.
Burma: Burmese Government Temporarily Waives Import and Export Licenses for Select Ag ProductsFollowing the February 1, 2021 coup by the Burmese military, agricultural trade has been crippled due to country-wide peaceful protests in opposition to the military’s actions and the military’s increasingly violent response. The Ministry of Commerce is waiving import and export license requirements for select agricultural commodities from March 8 - April 9, 2021. While a lack of drivers to move the more than 10,000 stuck containers at a major port remains the largest single barrier to trade, this may provide some relief for U.S. wheat and soybean (but not soybean meal) exports, which were valued at a combined $39 million in 2020.
European Union: Public Consultation on the Revision of the Sustainable Use of Pesticides DirectiveThe European Commission launched a public consultation in January on its upcoming revision of the Sustainable Use of Pesticides Directive (SUD). The rules encourage reducing pesticides through integrated pest management and alternatives to chemical pesticides. The SUD is also seen as a crucial tool to achieving the targets outlined in the European Green Deal and the Farm to Fork Strategy. The public consultation is open until April 12, 2021.
Malaysia: Malaysia Notified New Requirements for the Importation of Grains and Grain ProductsOn January 25, 2021, Malaysia notified new requirements for the importation of grains and grain products to the WTO. The new requirements will take effect on April 1, 2021 and require Malaysian importers to have a valid import license and the appropriate import permit for feed.
Mexico: Mexico Front of Pack second phase implementationThis report intends to inform U.S. processed foods and non-alcoholic beverage companies interested in the Mexican market about the additional stipulations in the NOM-051 Front of Pack Labeling regulation that will go into effect on April 1, 2021. These provisions include the elimination of brand characters, the usage of the word “imitación” to substitute products, requirements for endorsements seals, the usage of the terms “organic” and “biologic,” among other information that is subject of compliance regarding the front of pack labeling. This report intends to provide a summary of the requirements for imported products to comply with standard NOM-051.
Mexico: Poultry and Products Semi-annualMexico’s poultry production is expected to grow in 2021 despite a sluggish economic rebound and ongoing pandemic emergency measures hampering domestic demand. Chicken meat, as well as eggs and egg products, are expected to remain the most popular and affordable animal protein for consumers. In 2020, the poultry sector proved to be resilient in the face of pandemic-related challenges and coped with demand disruptions, such as the closing of the hotel, restaurant, and institutional (HRI) sector. Household cooking, baked foods, and comfort foods took advantage of new commercial avenues, such as e-commerce, to bolster demand for chicken meat, eggs, and egg products.
For more information, or for an archive of all FAS GAIN reports, please visit
gain.fas.usda.gov/.
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FDIC and University of Santa Clara to Host ‘Big Data’ Webinar Series |
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WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) and the University of Santa Clara today announced a series of public webinars to explore the opportunities and challenges in leveraging big data for the banking industry. Banking on Data: Great Possibilities, Great Responsibilities is a series of five webinars scheduled throughout the year to include industry leaders, academics and technologists on the use of new data analytics to improve the efficiency, competitiveness, and security of the nation’s banking and financial system. “Increasingly, the banking and financial industries are using data-driven insights to develop new ideas and strategies,” said Diane Ellis, Director of the FDIC’s Division of Insurance and Research. “This series of webinars will explore the tremendous possibilities and challenges for bankers and their customers in this data-driven world. We’ll also dive into the ethics of artificial intelligence and machine learning and how we can improve financial regulation in the world of big data.” The FDIC-Santa Clara University webinar schedule will include: April 15: Possibilities of Data in Finance and Banking – FDIC Chairman Jelena McWilliams will kick-off this session focusing on the application of new methods, tools, and techniques to identify patterns from large data sets. May 20: What do New Data Mean for Banks and Consumers? – Financial institutions are looking to use big and alternative data in the development of new products and services. This webinar will explore policy implications and the impacts on consumers. June 17: Ethics of Artificial Intelligence and Machine Learning – This session will examine a broad range of policy issues and consumer impacts on the application of AI and machine learning in financial decision-making. This will include transparency, ethics, potential bias, and expectations vs. reality. September 16: Open Banking – A panel of experts will explore the policy implications and consumer impacts of enabling ‘open banking’ through application programming interfaces (APIs), privacy laws, data ownership and liability standards. October 21: Improving Financial Regulation (RegTech/SupTech) – The FDIC’s Chief Innovation Officer Sultan Meghji will moderate a panel of experts to discuss a range of perspectives on how innovative new technologies can lead to better outcomes for consumers, banks, and regulators alike.
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