Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Financial Crime, Financial Services, US

US Treasury launches US-China economic, financial working groups

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo

By David Lawder

The U.S. Treasury Department on Friday said it was formally launching two new U.S.-China working groups on economic and financial issues aimed at providing a regular policy communications forum between the world’s two largest economies.

In a statement, the Treasury said the two groups would “meet on a regular cadence” and report to Yellen and Chinese Vice Premier He Lifeng.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!