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.
  • New Report: Anti-Money Laundering Efforts Near Failure

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    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 Financial Accountability and Corporate Transparency Coalition (FACT Coalition), a non-partisan alliance of more than 100 state, national, and international organizations promoting policies to combat the harmful impacts of corrupt financial practices.

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  • FinCEN Real Estate Effort Underscores Need to End Anonymous Companies

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    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. The move was welcomed by experts with the Financial Accountability and Corporate Transparency Coalition (FACT Coalition), a non-partisan alliance of more than 100 state, national, and international organizations promoting policies to combat the harmful impacts of corrupt financial practices.

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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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