Countering International Money Laundering: Total Failure is “Only a Decimal Point Away”
Global anti-money laundering efforts are just a decimal point away from total failure, according to this August 2017 FACT Coalition report by John Cassara.
FinCEN Real Estate Effort Underscores Need to End Anonymous Companies
Experts welcomed a Treasury Department move to renew and expand its temporary orders seeking to uncover illicit activity in the luxury real estate sector.
  • New Report: Anti-Money Laundering Efforts Near Failure

    Credit: Billion Photos / Shutterstock

    Former Treasury Agent Urges Authorities to Target the Drivers of Human Trafficking, Drug Smuggling, and Corruption

    Ending Anonymous Companies; Trade Transparency Units; Holding Gatekeepers Accountable Among Policy Recommendations

    WASHINGTON, D.C. – Worldwide anti-money laundering efforts are currently just a decimal point away from total failure, according to a new report published Tuesday by the FACT Coalition.

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  • FinCEN Real Estate Effort Underscores Need to End Anonymous Companies

    Image: Mike Focus / Shutterstock

    Statement by the FACT Coalition on Treasury Department Decision to Renew and Expand Geographic Targeting Orders to Identify Buyers in Luxury Real Estate

    WASHINGTON, D.C. – The Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Treasury Department, announced Tuesday that it was renewing and expanding its temporary orders seeking to uncover illicit activity in the luxury real estate sector.

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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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