In recent decades, public interest organizations—such as the Transparency International, Global Financial Integrity, FACT Coalition, and Tax Justice Network—have labored to shine sunlight on the tax practices of huge multinational entities that siphon significant resources that properly belong to the people.
FACT’s comments advise that financial regulators will need to take strong action to apply comprehensive AML, CFT, and reporting protocols to the digital asset ecosystem.
The Financial Accountability and Corporate Transparency (FACT) Coalition, founded in 2011, spent nearly a decade producing investigative reports, lobbying legislators and building a coalition with interest groups such as Friends of the Earth and Polaris.
The Financial Accountability and Corporate Transparency (FACT) Coalition, an international transparency advocacy group, said it supported the regs and urged Treasury to “accelerate the remaining rulemaking processes to fully implement this groundbreaking anti-money-laundering reform.”
Join FACT and the Hudson Institute for an in-person, Senate briefing on September 28th to learn about the scale of the problem posed by professional “enablers” and the future of this crucial reform agenda.
FACT’s latest report, “A Material Concern: The Investor Case for Public Country-by-Country Tax Reporting,” explores how public country-by-country reporting (PCbCR) efforts have matured and, in doing so, shown their increasingly apparent usefulness to investors.
