FACT is pleased to announce the appointment of Zorka Milin and Erica Hanichak as co-directors following the departure of executive director Ian Gary.
Recent backsliding on important anti-money laundering initiatives, including the administration’s regulatory gutting of the Corporate Transparency Act, have raised concerns about how the U.S. will perform in its upcoming FATF mutual evaluation. The stakes are both global and domestic.
“There could be no greater gift to the fentanyl traffickers, fraudsters, and U.S. adversaries that rely on the anonymity that shell companies provide than gutting the Corporate Transparency Act.” – FACT Deputy Director Erica Hanichak
“In striking down this rule, the district court in Texas has just sided with cartels, money launderers, and U.S. adversaries and given them free license to continue moving their dirty cash through U.S. real estate.” – Ian Gary, executive director of the FACT Coalition.
“FinCEN’s new reporting requirements will help deter the most egregious cases of money laundering through real estate while giving law enforcement and national security officials better tools to investigate and tackle these flows.” – FACT Executive Director Ian Gary
Since 2025, there has been a systematic disruption and deprioritization of the fight against illicit finance within the U.S. government, in ways that undermine stated goals on cartels.
