Mnuchin Says Treasury Concluded He's Complying With Ethics Rules

(Bloomberg) -- Treasury Secretary Steve Mnuchin said he’s been told by ethics officials in his department that he’s in compliance with government ethics requirements even though his forms haven’t been certified by the top federal watchdog.

“I’ve been advised by Treasury that I am in full compliance and have no ethical issues,” Mnuchin said Thursday at a Senate Finance Committee hearing.

Mnuchin Says Treasury Concluded He's Complying With Ethics Rules

The Office of Government Ethics hasn’t certified the secretary’s disclosure forms, though it has had them for more than a year. The office typically doesn’t certify reports when a filer is either under investigation, not in compliance with ethics laws, or has filed a report that OGE can’t verify.

Last month, the OGE said it had rejected Commerce Secretary Wilbur Ross’s annual disclosure, which also had been delayed for more than a year. OGE’s said it declined to certify his paperwork after Ross reported that he had sold off his shares in BankUnited Inc. that year, he actually sold the stock in October 2018.

Mnuchin is the wealthiest Treasury chief in recent history. In 2017 he agreed to divest stakes from 43 companies and investments to avoid conflicts of interest. His filing in 2017 indicated his assets were valued at as much as $392 million.

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