Anonymous Companies Fuel Illicit Trade in Counterfeit and Pirated Goods

The formation and use of anonymous companies undermine the economic and financial interests of U.S. companies and markets according to a new report from the FACT Coalition.

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Diverse Stakeholders Flood OECD in Push for Public Corporate Tax Disclosures

WASHINGTON, D.C. — A diverse set of stakeholders has called on the Organizations for Economic Cooperation and Development to mandate public disclosures of key tax information for multinational corporations.

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In Historic Vote, House Passes Bipartisan Bill to End Anonymous Companies

WASHINGTON, D.C. – With a bipartisan vote of 249 to 173, the U.S. House of Representatives passed a bipartisan bill to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S.  After more than a decade of debate in Washington, the vote in favor of the Corporate Transparency Act of 2019 (H.R.2513) represents the first time that legislation to end anonymous companies has made it through either Chamber of Congress.

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Letter to Congress Outlining Key Transparency and Accountability Guidelines for COVID-19 Response

April 27, 2020 | Legislative Letters

The FACT Coalition sent a letter to Congress outlining key transparency and accountability measures to guide the ongoing policy response to COVID-19.

Former Treasury Special Agent Discusses New Book on Illicit Financial Flows

May 28, 2020 | Blog

Outside of crimes of passion—for example, murder committed in a jealous rage—criminals, criminal organizations, kleptocrats, and some businesses and corporations are motivated by greed. In today’s increasingly interconnected world, the criminal manifestations of unchecked avarice impact all of us: politically, socially, economically, and culturally. Transnational crime affects our individual and collective security.

FACT Joins Coalition Letter to Congress Supporting CORE Act

May 27, 2020 | Legislative Letters

FACT joins a coalition letter urging Congress to strengthen the oversight and anti-corruption measures over the $3 trillion and growing Coronavirus relief legislative programs.

Comments to UN FACTI High Level Panel for Achieving the 2030 Agenda

May 24, 2020 | Comment Letters

FACT sent comments to the United Nations High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel).