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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FACT Coalition Writes Letter to Senate Leadership in Support of Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049)

June 28, 2020 | Resources

The FACT Coalition sent a letter to Senate leadership voicing support of the Anti-Money Laundering Act of 2020 (S. Amdt. 2198 to S. 4049). The bill will serve as an invaluable update to U.S. AML regulations.

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.

42 Attorneys General Urge Senate to Pass Law to Fight Shell Companies

June 30, 2020 | Resources

Representing Attorneys General from 42 states, the National Association of Attorneys General (NAAG) wrote to Senate Banking Committee leadership supporting the beneficial ownership provisions in the ILLICIT CASH Act (S. 2563). Similar provisions are currently under consideration in the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049).

U.S. Chamber Of Commerce Sends Letter to Senate in Support of the NDAA, Including the Anti-Money Laundering Act

June 30, 2020 | Resources

The US Chamber of Commerce wrote a letter to the US Senate addressing their support for the inclusion of the Anti-Money Laundering Act of 2020 as an amendment to the National Defense Authorization Act (S.2198 to S.4049)