US Set to Unveil Long-awaited Crackdown on Real Estate Money Laundering
FACT Government Affairs Director Erica Hanichak is quoted in Reuters’ coverage of Treasury’s upcoming rule on money laundering through U.S. real estate.
The U.S. Is Finally Trying to Fix Its Money-Laundering Problem
FACT Executive Director Ian Gary is quoted alongside Scott Greytak of Transparency International U.S. in columnist Peter Coy’s newsletter for the New York Times.
House Hearing Puts Beneficial Ownership Implementation on Center Stage: Just the FACTs 7/20/23
Recent expert testimony before a House Financial Services subcommittee emphasized the need for FinCEN to make substantial revisions to its proposed beneficial ownership information access rule, as well as the need for additional funding for the bureau.
Treasury’s Sanctions Chief Is Appointed Director of Financial Crimes Bureau
FACT Executive Director Ian Gary was cited in the Wall Street Journal’s coverage of Andrea Gacki’s appointment as head of the nation’s financial crime fighters.
New York State Poised to Establish Nation’s First Public Beneficial Ownership Registry: Just the FACTs 6/29/23
New York State passes legislation to implement the nation’s first public beneficial ownership registry, Australia delays groundbreaking tax transparency measures, and recent global fora highlight the need for new measures to curb illicit finance.
Biden Administration Updates Timeline for Critical Rulemakings on Beneficial Ownership and Real Estate Money Laundering
The Administration’s updated regulatory agenda indicates that the second final rule to implement the Corporate Transparency Act will be released in September, while much-needed new draft regulations on real estate transactions will be made available for comment in August.