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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Fairness, Transparency, and Enforcement: FACT’s Principles for Taxing U.S. Multinational Corporations After 2025

With negotiations surrounding the expiration of large parts of the 2017 Tax Cuts and Jobs Act already underway, lawmakers must move quickly to close costly loopholes, prevent offshoring of jobs and profits, and provide adequate tax transparency for U.S. multinational corporations.

Resources

Full Report: “Dirty Money and the Destruction of the Amazon: Uncovering the U.S. Role in Illicit Financial Flows from Environmental Crimes”

Click here to read the FACT Coalition’s latest report analyzing the ways in which U.S. financial secrecy helps abet and reward environmental criminals in the Amazon region.

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Latest News

Misguided Anti-Money Laundering Action Moves Away from Risk-Based Approach and into Political Waters

March 12, 2025 | Blog

Prioritizing small scale, politicized anti-money laundering policies over meaningful structural reforms will do little to protect Americans from the impacts of illegal drug trafficking, writes FACT program director for environmental crime and illicit finance Julia Yansura.

Treasury Exempts 99 Percent of Entities from Ownership Reporting, Gutting Landmark Anti-Money Laundering Law: Just the FACTs 03/06/25

March 6, 2025 | Newsletter

The Treasury suspends ownership reporting requirements for most entities, a House Financial Services Committee Hearing emphasizes the importance of the Corporate Transparency Act, and mass IRS layoffs threaten US revenue collection.

Treasury Reopens the Floodgates to Dirty Money in the U.S.

March 3, 2025 | Press Releases & Statements

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.

IRS Layoffs Threaten Gains on Tax Enforcement, Fairness, and Revenue Collection

February 20, 2025 | Press Releases & Statements

The FACT Coalition is gravely concerned by reports of mass layoffs at the Internal Revenue Service expected to impact as many as 7,000 staff, including thousands of employees specifically working on tax enforcement and collections.