FACT submitted comments this week praising a pair of proposed rules by Treasury which would close long standing loopholes used by foreign and domestic criminals to launder money through U.S. residential real estate and private investment markets.
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.
Congress must move quickly to increase support for the Financial Crimes Enforcement Network, the bureau of Treasury responsible for implementing some of the most significant updates to U.S. anti-money laundering laws in decades.
El viernes 1 de marzo, un juez federal de distrito de Alabama emitió un fallo declarando la inconstitucionalidad de la Ley de Transparencia Corporativa (CTA, por sus siglas en inglés), ley emblemática contra el lavado de dinero en los Estados Unidos.
On March 1, a federal district judge in Alabama issued an opinion finding the landmark Corporate Transparency Act unconstitutional, potentially undermining a once-in-a-generation U.S. anti-money laundering and national security victory.
FACT welcomes Treasury’s release of draft regulations introducing common-sense anti-money laundering safeguards for the U.S. private investment industry. The draft rule builds upon a slew of recent moves by Treasury to protect U.S. markets from dirty money.
