The FACT Coalition Welcomes First Final Rule to Implement Landmark Corporate Transparency Act

On September 29th, the Treasury Department released the first final rule to implement the landmark Corporate Transparency Act. FACT urged the Treasury Department to accelerate the remaining rulemaking processes to fully implement this ground-breaking anti-money laundering reform. The rulemaking brings the U.S. one step closer to casting off its reputation as the world’s top financial secrecy jurisdiction.

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FACT Coalition Submits Recommendations to Treasury about Combatting Illicit Finance in Digital Assets

FACT’s comments advise that financial regulators will need to take strong action to apply comprehensive AML, CFT, and reporting protocols to the digital asset ecosystem.

Comment Letters

Bipartisan Bill Cracking Down on American Enablers of Money Laundering Introduced in U.S. Senate

The Financial Accountability and Corporate Transparency (FACT) Coalition today commended the introduction by Senators Whitehouse (D-RI) and Wicker (R-MS) of the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act as an amendment to the Senate National Defense Authorization Act (NDAA).

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New Shareholder Resolutions Turn Up Pressure for Country-by-Country Reporting from U.S. Oil Giants

December 2, 2022 | Newsletter

The bipartisan ENABLERS Act continues to gain steam heading into conference as an amendment to the annual must-pass defense bill, providing lawmakers with a historic opportunity to end the complicity of U.S. professionals in the laundering of illicit funds by kleptocrats and criminals the world over.

FACT Submits Comments to Biden Administration on Combating Deforestation Related Illicit Finance

December 2, 2022 | Comment Letters

Recommendations include explicit inclusion of foreign environmental crimes as a predicate offense for money laundering and consideration of the role of U.S. financiers in future proposed regulation.

Bipartisan support for the ENABLERS Act continues to surge with dozens of new endorsements: Just the FACTs November 18th

November 18, 2022 | Newsletter

The bipartisan ENABLERS Act continues to gain steam heading into conference as an amendment to the annual must-pass defense bill, providing lawmakers with a historic opportunity to end the complicity of U.S. professionals in the laundering of illicit funds by kleptocrats and criminals the world over.

OCCRP: Australia Considers Groundbreaking Tax Transparency Law

November 17, 2022 | Press Coverage

Australia may become the first country to require a wide range of MNEs (multinational enterprises), including some headquartered in the United States, to report key tax and operating information  that is fully disaggregated on a country-by-country basis,