102 Groups Tell Congress: Support Public Country-by-Country Reporting
102 nonprofit labor, civil rights, and environmental, and other NGOs urge Congress to support public country-by-country reporting.
FACT Coalition Writes Letter to Senate Leadership in Support of Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049)
The FACT Coalition sent a letter to Senate leadership voicing support of the Anti-Money Laundering Act of 2020 (S. Amdt. 2198 to S. 4049). The bill will serve as an invaluable update to U.S. AML regulations.
Business Organizations Back ILLICIT CASH Act (S. 2563)
The harm caused by illicit commerce, facilitated oftentimes by the abuse of anonymous companies, is far reaching.
Comments to House Financial Services Committee on COVID-19 Cybercrime and Fraud
The FACT Coalition filed comments for the record to House Financial Services Committee regarding a Virtual Hearing titled “Cybercriminals and Fraudsters: How Bad Actors Are Exploiting the Financial System During the COVID-19 Pandemic,” on June 16th, 2020.
Effective Coronavirus Response Demands an End to Financial Secrecy
Corruption thrives in crisis. As the nation rushes to stop the bleeding of the COVID-19 pandemic, new opportunities arise for bad actors—common criminals, corrupt officials, U.S. adversaries, and authoritarian regimes—to exploit gaps in the U.S. financial system for their own gain. Congress must spend the coming weeks not only readying the next economic response to COVID-19 but also tackling the long-standing vulnerability of U.S. financial secrecy, to keep the trajectory of the national and global recovery on course.
FACT Joins Coalition Letter to Congress Supporting CORE Act
FACT joins a coalition letter urging Congress to strengthen the oversight and anti-corruption measures over the $3 trillion and growing Coronavirus relief legislative programs.