Bloomberg: Russian Billions Hidden in US Spur Backlash to Financial Secrecy
FACT’s Policy Director Ryan Gurule is quoted in Bloomberg: “New York is one of the most desirable commercial and real estate markets in the world, and kleptocrats, sanction evaders and otherwise bad actors want to access those markets anonymously,”
U.S. Ranked Most Secretive Financial Jurisdiction in the World
Today, the United States was ranked the most secretive financial jurisdiction in the world, according to the 2022 Financial Secrecy Index (FSI).
Anti-Corruption Campaigners Urge Treasury to Swiftly Implement Landmark Corporate Transparency Law
The FACT Coalition sent a letter today to the Financial Crimes Enforcement Network (FinCEN) urging the agency to act quickly to implement the secure directory of beneficial owners of U.S. entities under the Corporate Transparency Act (CTA) and, in doing so, to adopt a set of internationally recognized best data practices.
SEC Stands with Investors
he Financial Accountability and Corporate Transparency (FACT) Coalition applauds the Securities and Exchange Commission (SEC) for standing with investors and advancing an Amazon.com, Inc. shareholder proposal asking the company to voluntarily engage in public country-by-country reporting (PCbCR).
WSJ: Sanctioned LPs Complicate Private-Equity Fund Dynamics
FACT’s Ryan Gurule is quoted in the Wall Street Journal: “Private funds are “a black hole” because of their lack of requirements for vetting and reporting investors,”