Launch of U.S. Beneficial Ownership Registry Caps Year of Wins On Key FACT Priorities
Major wins on corporate transparency and anti-money laundering policy, the dawning of a new era of multinational tax transparency, and expanding recognition of the role of U.S. financial secrecy in enabling environmental crimes all helped to define a landmark year of impact for the FACT Coalition and our allies.
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FACT Applauds Treasury’s Move to Close Decades-Old Money Laundering Loopholes: Just the FACTs 4/18/24
FACT provides Senate testimony twice in one week, and Treasury’s new draft rules for real estate transactions and investment advisers draw the U.S. closer to shedding it’s status as the world’s number-one destination for dirty money.
FACT, Allies Join Chorus of Support for Treasury’s Proposed Landmark Anti-Money Laundering Safeguards
FACT submitted comments this week praising a pair of proposed rules by Treasury which would close long standing loopholes used by foreign and domestic criminals to launder money through U.S. residential real estate and private investment markets.
FACT Policy Director Testifies on Offshore Tax Evasion Before Senate Budget Committee
Read FACT policy director Zorka Milin’s full written testimony before the Senate Budget Committee, which details policy recommendations to curb offshore tax evasion by individuals and major multinationals.
FACT Government Affairs Director Testifies on Ownership Transparency Before Senate Drug Caucus
Read FACT government affairs director Erica Hanichak’s testimony before the Senate Drug Caucus, which highlights the importance of beneficial ownership transparency toward detecting and dismantling drug trafficking networks.