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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President’s Budget Boosts Funds for Nation’s Financial Crime Fighters
Congress must move quickly to increase support for the Financial Crimes Enforcement Network, the bureau of Treasury responsible for implementing some of the most significant updates to U.S. anti-money laundering laws in decades.
District Court Ruling Undermines U.S. Fight Against Dirty Money
On March 1, a federal district judge in Alabama issued an opinion finding the landmark Corporate Transparency Act unconstitutional, potentially undermining a once-in-a-generation U.S. anti-money laundering and national security victory.
FACT, Allies Submit Statement to Congress Backing Critical Work of Nation’s Financial Crime Fighters
February 14, 2024 | Comment Letters
Read FACT’s official statement for the record highlighting the critical work of Treasury’s Financial Crimes Enforcement Network, including its ongoing efforts to implement the Corporate Transparency Act and finalize strong rules curbing money laundering through U.S. real estate and private investment markets.