FACT Urges Treasury To Make Critical Improvements to Draft Regulation Implementing Landmark Corporate Transparency Act

The FACT Coalition calls on the Treasury Department to address critical weaknesses in a new proposed rule with the potential to severely undermine the effectiveness of the Corporate Transparency Act.

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Treasury Names Director to Lead Financial Crime Fighting Bureau

The appointment of U.S. sanctions expert Andrea Gacki to lead the Financial Crimes Enforcement Network will help empower the Bureau to better safeguard the U.S. financial system from ever-evolving threats.

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FACT Urges Australia to Resist Pressure for Further Changes to Key Tax Transparency Law

Pressure from the Organization for Economic Cooperation and Development contributed to the Australian government’s decision to alter and delay legislation mandating public country-by-country reporting from large multinational companies last month, according to recent front-page reporting by the Financial Times.

Press Releases & Statements
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Report Launch: “Dirty Money and the Destruction of the Amazon: Uncovering the U.S. Role in Illicit Financial Flows from Environmental Crimes”

September 29, 2023 | Events

Register now for the launch of FACT’s new report analyzing the linkages between U.S. financial secrecy and environmental crimes in the Amazon region, drawing on interviews with local and regional activists, indigenous leaders, anti-money laundering experts, and government officials in Peru, Colombia, and the United States.

Policy Brief: International Corporate Tax Transparency Update – September 2023

September 28, 2023 | Briefing Memos

Progress on public country-by-country in jurisdictions around the globe continues to reinforce the need for decisive action by the Securities and Exchange Commission to set a consistent, strong standard for multinational public tax reporting.

U.S. Beneficial Ownership Transparency Law Inches Closer to Full Implementation, IRS Announces Tax Enforcement Improvements: Just the FACTs 9/22/23

September 22, 2023 | Newsletter

A number of small, but important, bureaucratic steps draw FinCEN closer to full implementation of the CTA, and the IRS announces sweeping new tax enforcement efforts focused on large corporations and high-wealth individuals.

Public Country by Country Reporting: The Big Break for African Tax Transparency  

September 20, 2023 | Blog

Widespread adoption of public country-by-country reporting requirements could be the silver bullet African nations need to overcome numerous challenges, including the scourge of illicit financial outflows and tax evasion.