Bipartisan Momentum Builds as Senators Introduce Bill to Curb Money Laundering, Terror Financing
Sen. Wyden and Sen. Rubio’s “Corporate Transparency Act” — the Senate companion to Reps. Maloney and King’s H.R.3089—would end the incorporation of anonymous companies.
Safeguard to Prevent U.S. Companies from Moving Offshore Should Be Strengthened, Not Weakened
The FACT Coalition submitted comments to the Treasury Department calling on the administration to protect a recent safeguard combating offshore tax avoidance.

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Incorporation Transparency

Did you know that it is easier to form a company in the U.S. than it is to get a library card?

American and foreign terrorists, narco-traffickers, arms dealers, corrupt foreign officials, tax evaders and other criminals easily and regularly set up anonymous U.S. companies to launder their money with impunity.

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Tax Evasion and Avoidance

Average Taxpayers and Small Business Owners Foot the Bill for Offshore Tax Loopholes

The current tax code is riddled with loopholes inserted by special interests that result in wealthy individuals and large, multi-national corporations shifting their tax responsibilities to small and domestic businesses, and average taxpayers.

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anti-money laundering

The current approach to combating money laundering is failing and we need a clear, strong, and comprehensive approach to fixing it.

Rampant corruption among individuals and governments around the world and newspaper headlines filled with reports…

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  • Coalition Pushes Treasury to Defend Anti-Inversions Safeguard

    Unites States Treasury Building. By Rchuon24 (Own work) [CC BY-SA 3.0], via Wikimedia Commons

    Alliance of Good-Governance Groups Submits Comments in Support of Rules Combating Earnings-Stripping

    WASHINGTON, D.C. — In comments submitted to the U.S. Department of the Treasury on Monday, good government watchdogs called on the administration to protect a recent safeguard aimed at combating offshore tax avoidance.

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  • Bipartisan Momentum Builds as Senators Introduce Measure to Curb Money Laundering, Terror Financing

    Editorial Credit: Katherine Welles / Shutterstock.com

    Sen. Wyden and Sen. Rubio’s “Corporate Transparency Act” — Companion to Rep. Maloney and Rep. King’s H.R.3089 — Would End Incorporation of Anonymous Companies

    WASHINGTON, D.C. — Momentum continued to build towards curbing criminal money laundering and terror finance Thursday as Sens. Ron Wyden (D-OR) and Marco Rubio (R-FL) introduced the Corporate Transparency Act (S.1717), the Senate companion to a bipartisan House bill (H.R.3089) aimed at ending the abuse of anonymous shell companies.

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  • Bipartisan Bill Seeks to Secure Airways from Criminals and Terrorists

    airplane-nyc-skyline-shutterstock_1818137-900x500

    FACT Coalition Supports ‘Aircraft Ownership Transparency Act of 2017’

    WASHINGTON, D.C. — A bipartisan group of lawmakers introduced a bill Friday to secure the U.S. aviation system from criminal actors and terrorists hiding behind anonymous shell companies, in a move welcomed by the Financial Accountability and Corporate Transparency Coalition.

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