Launch of U.S. Beneficial Ownership Registry Caps Year of Wins On Key FACT Priorities
Major wins on corporate transparency and anti-money laundering policy, the dawning of a new era of multinational tax transparency, and expanding recognition of the role of U.S. financial secrecy in enabling environmental crimes all helped to define a landmark year of impact for the FACT Coalition and our allies.
Latest News
FACT Policy Director Testifies on Offshore Tax Evasion Before Senate Budget Committee
Read FACT policy director Zorka Milin’s full written testimony before the Senate Budget Committee, which details policy recommendations to curb offshore tax evasion by individuals and major multinationals.
FACT Government Affairs Director Testifies on Ownership Transparency Before Senate Drug Caucus
Read FACT government affairs director Erica Hanichak’s testimony before the Senate Drug Caucus, which highlights the importance of beneficial ownership transparency toward detecting and dismantling drug trafficking networks.
Treasury Appeals Erroneous Federal Court Ruling as Ownership Database Hits One Million Filings: Just the FACTs 3/28/24
The Treasury has appealed a recent federal court ruling finding the landmark Corporate Transparency Act unconstitutional, as urged by FACT and other transparency advocates.
Corporate Transparency Act Ruling Misses Mark on Congress’ Power
In an op-ed for Bloomberg Law, FACT Policy Director Zorka Milin writes that the recent Alabama court ruling on the Corporate Transparency Act both misinterprets the law, and hobbles critical anti-money laundering efforts.