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