Treasury Reopens the Floodgates to Dirty Money in the U.S.
The Treasury Department’s decision to limit reporting requirements under the landmark Corporate Transparency Act to only foreign entities is a boon for fentanyl traffickers, domestic criminals, and tax cheats.
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Private Investment Rule Delayed, Art Market Integrity Act Introduced: Just the FACTs 7/31/25
Treasury delays the implementation of a rule that would fight money laundering in the private investment sector, Senators introduce a bill to apply AML safeguards to the art market, and House appropriators propose further cuts to the IRS.
Treasury Exposes U.S. to Increased Risks of Dirty Money By Delaying, Reopening Private Investment Anti-Money Laundering Rule
Treasury’s plan to postpone and reopen a rule finalized last year that introduced groundbreaking anti-money laundering safeguards for the $130 trillion U.S. private investment sector will only heighten existing corruption, national security, and illicit finance risks.
Budget Megabill Becomes Law, Including $170b in Tax Breaks for U.S. Multinationals: Just the FACTs 7/10/25
Congress’ budget reconciliation bill becomes law, including trillions of dollars of highly regressive tax cuts for wealthy individuals and corporations at the cost of steep cuts to healthcare, food assistance, and climate programs.
FACT Submits Comments on Reporting Form for Landmark Real Estate AML Regulations
July 8, 2025 | Comment Letters
Read FACT’s comments to Treasury on the final reporting form that will be used by covered entities and individuals under groundbreaking new anti-money laundering regulations for all-cash real estate purchases.