WSJ: Senate Weighs Expansion of Money-Laundering Rules
FACT’s Government Affairs Director Erica Hanichak is mentioned in the Wall Street Journal, making the case for new anti-money laundering requirements for private equity firms.
Australian Advancement of Public Country-by-Country Reporting Builds Pressure for U.S. Action
The FACT Coalition applauds the Australian Treasury for today’s budget proposal to enact strong public country-by-country reporting (PCbCR) requirements for certain large multinational enterprises, including entities headquartered in foreign jurisdictions.
FACT Meets with Senior Treasury Department Officials Working to Tackle America’s Dirty Money Problem
On October 6, following the release of the first final rule to implement the landmark Corporate Transparency Act, the FACT Coalition hosted a private civil society roundtable conversation with senior Treasury Department officials to discuss progress in improving and strengthening U.S. anti-money laundering and anti-corruption safeguards.
Bipartisan Bill Cracking Down on American Enablers of Money Laundering Introduced in U.S. Senate
The Financial Accountability and Corporate Transparency (FACT) Coalition today commended the introduction by Senators Whitehouse (D-RI) and Wicker (R-MS) of the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act as an amendment to the Senate National Defense Authorization Act (NDAA).
Congressional Stop-Gap Budget Delays Critical Investments in Anti-Corruption Agency
Today, Congress passed a continuing resolution to fund the U.S. government through December 16, which now awaits President Biden’s signature. While the measure will ensure that agencies can continue operations at existing budgetary levels, the resolution puts off approving the increased funding for key offices in the U.S. Treasury Department contemplated in both chambers’ appropriations bills for fiscal year 2023.
The FACT Coalition Welcomes First Final Rule to Implement Landmark Corporate Transparency Act
Today, the Financial Accountability and Corporate Transparency (FACT) Coalition welcomes the Treasury Department’s release of the first final rule to implement the landmark Corporate Transparency Act (CTA), and urges the Treasury Department to accelerate the remaining rulemaking processes as necessary to fully implement this ground-breaking anti-money laundering reform.