Launch of U.S. Beneficial Ownership Registry Caps Year of Wins On Key FACT Priorities

Major wins on corporate transparency and anti-money laundering policy, the dawning of a new era of multinational tax transparency, and expanding recognition of the role of U.S. financial secrecy in enabling environmental crimes all helped to define a landmark year of impact for the FACT Coalition and our allies.

Read Our 2023 Roundup

FACT Submits Comments on Australia’s Revised Public Country by Country Reporting Draft Legislation

While Australia’s revised public country-by-country reporting draft legislation walks back the original measure’s ambitious scope, it still represents a meaningful step forward for multinational tax transparency.

Comment Letters

Full Report: “Dirty Money and the Destruction of the Amazon: Uncovering the U.S. Role in Illicit Financial Flows from Environmental Crimes”

Click here to read the FACT Coalition’s latest report analyzing the ways in which U.S. financial secrecy helps abet and reward environmental criminals in the Amazon region.

Press Releases & Statements
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President’s Budget Boosts Funds for Nation’s Financial Crime Fighters

March 11, 2024 | Press Releases & Statements

Congress must move quickly to increase support for the Financial Crimes Enforcement Network, the bureau of Treasury responsible for implementing some of the most significant updates to U.S. anti-money laundering laws in decades.

Treasury Department Continues to Collect Ownership Information Following Court Ruling: Just the FACTs 3/7/24

March 7, 2024 | Newsletter

Treasury says it will continue ownership information reporting after legal setback in Alabama, and FACT provides comments on Australia’s revised public country-by-country reporting draft legislation.

District Court Ruling Undermines U.S. Fight Against Dirty Money

March 4, 2024 | Press Releases & Statements

On March 1, a federal district judge in Alabama issued an opinion finding the landmark Corporate Transparency Act unconstitutional, potentially undermining a once-in-a-generation U.S. anti-money laundering and national security victory.

FACT, Allies Submit Statement to Congress Backing Critical Work of Nation’s Financial Crime Fighters

February 14, 2024 | Comment Letters

Read FACT’s official statement for the record highlighting the critical work of Treasury’s Financial Crimes Enforcement Network, including its ongoing efforts to implement the Corporate Transparency Act and finalize strong rules curbing money laundering through U.S. real estate and private investment markets.