FACT Welcomes Treasury Department Proposal to Advance Implementation of the Corporate Transparency Act

The FACT Coalition welcomes the release by Treasury of the second draft rule – this time, defining directory access protocols – necessary to implement the landmark Corporate Transparency Act.

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Securities and Exchange Commission Should Require Increased Tax Transparency for U.S.-Listed Multinationals, FACT Coalition Tells Investor Committee

FACT Policy Director Ryan Gurule addressed the Securities and Exchange Commission’s Investor Advisory Committee today as part of a panel on emerging investor expectations regarding tax transparency.

Press Releases & Statements

White House Announces “Full Support” for Critical Bipartisan Anti-Money Laundering Reform Bill at Anti-Corruption Conference

The FACT Coalition applauds today’s announcement by Jake Sullivan, National Security Advisor to the President, of the Biden Administration’s “full support” for the ENABLERS Act. The ENABLERS Act would close dangerous loopholes in the U.S. anti-money laundering framework.

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New Alert on Russian Sanctions Evasion Demonstrates Need for AML Safeguards in Commercial Real Estate and Private Investment Funds

January 26, 2023 | Newsletter

Vulnerabilities in commercial real estate markets recently identified by FinCEN only further reinforce the need for comprehensive regulatory action to address money laundering through U.S. real estate.

Treasury Announces Timeline for New Rule Cracking Down on Money Laundering Through US Real Estate

January 12, 2023 | Newsletter

In an encouraging signal of anti-corruption progress to come in 2023, the Treasury Department announced its intention to release a draft rule targeting money laundering through US real estate markets this April.

Microsoft, Cisco Shareholder Votes Demonstrate Increasing Investor Demand for Tax and Offshore Transparency

December 21, 2022 | Press Releases & Statements

Microsoft investors representing more than $305 billion voted in favor of a shareholder proposal calling on the company to publicly disclose information about its offshore operations and tax practices on a country-by-country basis at Microsoft’s annual general meeting.

Congress Provides Needed Boost to Budget of Nation’s Financial Crime Fighters in New Omnibus Spending Bill

December 20, 2022 | News & Events

Congress unveiled its long-negotiated omnibus spending bill to fund the federal government for fiscal year 2023, which includes $190.2 million for the Financial Crimes Enforcement Network (FinCEN).