AP News: Treasury moves forward with database on corporate ownership
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.”
Law360: SEC Eyeing Public Country-by-Country Reporting, Chair says
“We are pleased that Chair Gensler indicated today that the SEC is looking at the need for increased tax and financial reporting by big multinational companies to inform investors and other stakeholders,” said FACT Executive Director Ian Gary.
JULY 28 REPORT LAUNCH: “A Material Concern: The Investor Case for Country-by-Country Reporting”
FACT’s latest report, “A Material Concern: The Investor Case for Country-by-Country Reporting,” spotlights examples of dramatic revenue and tax implications for investors stemming from global events and tax practices of major multinational companies like Amazon, Pfizer, McDonalds, Shell, and Dell, that current public company disclosure requirements fail to address.
Fight Against Kleptocracy Gets a Big Boost as ENABLERS Act Moves Forward: Just the FACTs: July 6
The United States could be moving one step closer to freedom from its role as an enabler of global kleptocracy. Two weeks ago, lawmakers in the House Armed Services Committee voted to include the ENABLERS Act in this year’s National Defense Authorization Act (NDAA). The bipartisan reforms in the Act would enlist certain professional service providers – the financial gatekeepers on the front lines of the U.S.’ anti-money laundering defense – into the fight against kleptocracy by instituting common sense procedures to detect, flag, and prevent the laundering of corrupt and criminal funds.
June 22 Book Launch: “Butler(s) to the World” – Ending Dirty Money in the UK and US
On the occasion of the U.S. publication of investigative journalist Oliver Bullough’s latest book, Butler to the World: How Britain Helps the World’s Worst People Launder Money, Commit Crimes, and Get Away with Anything, the author joined the Financial Accountability and Corporate Transparency (FACT) Coalition, alongside legislators and advocates from the U.S. and U.K., to discuss the problems caused by dirty money in the U.K. and U.S. and how to foster transatlantic competition to crack down on dirty money in both jurisdictions.
#KleptoMonth 2 Brings Fresh Opportunities to Tackle Persistent Corruption Problems: Just the FACTs: June 21
Bad actors beware – it’s #KleptoMonth again in Washington, D.C. In their announcement last Friday, the bipartisan leadership of the Congressional Caucus against Foreign Corruption and Kleptocracy (CAFCAK) joined dozens of civil society activists, the FACT Coalition among them, in calling for the rest of Congress to take action.