In coverage for the Wall Street Journal, Dylan Tokar cites mounting criticism of Treasury’s implementation of the Corporate Transparency Act from FACT, banking groups, and prominent U.S. lawmakers.
Isabel Gottlieb of Bloomberg Tax quotes FACT’s comments to Treasury regarding a draft form to implement the Corporate Transparency Act which would effectively create “an optional reporting regime.”
FACT Government Affairs Director Erica Hanichak was quoted by Fatima Hussein of the Associated Press in coverage of upcoming actions by Treasury to address international money laundering through the U.S. real estate market.
Join FACT, GATJ, and the Nawi Collective for a hybrid in-person and virtual panel discussion highlighting growing efforts in Africa to analyze and tackle macroeconomic systems which discriminate against women, as well as reform campaigns designed to support the realization of women’s rights.
The Administration must accelerate its efforts on AML by fully implementing U.S. anonymous entity beneficial ownership transparency rules and advancing long-overdue regulatory overhauls on U.S. real estate and private investment fund markets within the coming year.
Ian Gary, the executive director of the FACT Coalition, called the release of the new rule “a historic moment in the decades long fight to rid the U.S. of dirty money.”
