The U.S. is the easiest place in the world for a criminal, terrorist, tax cheat, or kleptocrat to open an anonymous shell company to launder their money with impunity. Anonymous corporations are great ways to hide money and other assets — they can hold a bank account or buy a yacht. Criminals often layer anonymous corporations, with one owning another and so on, making it even harder for law enforcement to “trace the money” and figure out who is directing the company’s activity. It’s time to ending the use of anonymous shell companies as vehicles for illicit activity by requiring that the true owners of U.S. companies be disclosed at the time of formation and updated upon any change.
El último informe de FACT analiza ejemplos de países latinoamericanos para demostrar que la crisis de la minería ilegal de oro se ha vuelto demasiado grande para que Estados Unidos la ignore.
Lawmakers, small business groups, national security experts, and law enforcement organizations speak out against Treasury’s gutting of the Corporate Transparency Act, and Senate tax negotiations could decide the fate of tax loopholes for U.S. multinational companies.
FACT urges Treasury to heed the calls of law enforcement, national security, and other experts by fully implementing the Corporate Transparency Act in accordance with congressional intent and the plain language of the law.
FACT submits a comment to FinCEN calling for the withdrawal of the interim final rule that exempts U.S. entites from reporting beneficial ownership information.
FACT hosts environmental crime journalists, public comments on Treasury’s gutting of the Corporate Transparency Act are due May 27, and House lawmakers pass massive tax and spending cuts package.
The Treasury issues an interim final rule that guts the CTA, Law Enforcement and financial transparency experts protest, and a hearing on fraud prevention brought attention to the issue of anonymous shell companies.
