U.S. Court of Appeals Upholds the Corporate Transparency Act
“The Court’s decision confirms what Congress understood and intended when it originally passed this legislation: that anonymous companies are drivers of fraud, drug trafficking, and the threats posed by terrorists and transnational criminal organizations.”
- Erica Hanichak, deputy director of the FACT Coalition.
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Shell Companies 101: A Brief Summary of the Corporate Transparency Act (CTA)
Anonymous companies have been linked to money laundering, fraud, drug trafficking, sanctions evasion, corruption, tax crimes, human trafficking, organized crime, terrorist financing, and other forms of illicit activity. The Corporate Transparency Act remains our best tool to fight back.
Senators, Law Enforcement Groups, and Transparency Advocates Condemn Final Rule Gutting Corporate Transparency Act – Just the FACTs 9/10/26
In this month’s edition of Just the FACTs, bipartisan outcry from lawmakers over Treasury’s move to gut the ownership reporting requirements for U.S. companies, and FACT’s research prompts new legislation to end tax subsidies for foreign oil and gas drilling.
Criminals Get Free Pass in Treasury’s Rule Rolling Back Protections to Fight Dirty Money
“By failing to fulfill Congress’ mandate for greater financial integrity, the Treasury Department has handed a major victory to U.S. adversaries, corrupt officials, fraudsters, and tax evaders who use our financial system to move and hide illicit wealth.”
– Erica Hanichak, co-director of the FACT Coalition
U.S. Corporate Tax Transparency Bill Reintroduced, FinCEN Hearing Foregrounds CTA Rollback – Just the FACTs 8/6/26
In this month’s edition of Just the FACTs, FACT-endorsed corporate tax transparency legislation is reintroduced in the House and Senate, sparks fly at FinCEN’s annual HFSC oversight hearing, FACT announces an event bridging transparency issues and American democracy, and more.