The FACT Coalition Welcomes First Final Rule to Implement Landmark Corporate Transparency Act
On September 29th, the Treasury Department released the first final rule to implement the landmark Corporate Transparency Act. FACT urged the Treasury Department to accelerate the remaining rulemaking processes to fully implement this ground-breaking anti-money laundering reform. The rulemaking brings the U.S. one step closer to casting off its reputation as the world’s top financial secrecy jurisdiction.
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New Shareholder Resolutions Turn Up Pressure for Country-by-Country Reporting from U.S. Oil Giants
The bipartisan ENABLERS Act continues to gain steam heading into conference as an amendment to the annual must-pass defense bill, providing lawmakers with a historic opportunity to end the complicity of U.S. professionals in the laundering of illicit funds by kleptocrats and criminals the world over.
Bipartisan support for the ENABLERS Act continues to surge with dozens of new endorsements: Just the FACTs November 18th
The bipartisan ENABLERS Act continues to gain steam heading into conference as an amendment to the annual must-pass defense bill, providing lawmakers with a historic opportunity to end the complicity of U.S. professionals in the laundering of illicit funds by kleptocrats and criminals the world over.
OCCRP: Australia Considers Groundbreaking Tax Transparency Law
Australia may become the first country to require a wide range of MNEs (multinational enterprises), including some headquartered in the United States, to report key tax and operating information that is fully disaggregated on a country-by-country basis,
FACT Submits Comments to Biden Administration on Combating Deforestation Related Illicit Finance
December 2, 2022 | Comment Letters
Recommendations include explicit inclusion of foreign environmental crimes as a predicate offense for money laundering and consideration of the role of U.S. financiers in future proposed regulation.