Thomas Georges | Page 30 | The FACT Coalition

The Panama Papers — Two Years Later: Will the U.S. Finally Tackle Anonymous Shell Companies?

April 19, 2018
Anonymous shell companies make it extremely easy for corrupt and criminal actors both here and around the world, not to mention tax evaders, to hide and launder illicit wealth. From the Panama Papers to the Magnitsky scandal, the world is hearing more and more about this problem. As April marks the two-year anniversary of the release of the Panama Papers, it is important to reflect on what progress has been made to date in the United States to tackle anonymous ownership.

FACT Joined a Coalition of Nearly 30 NGOs in Letter Supporting Administration’s Actions Under the Global Magnitsky Act

March 5, 2018

The FACT Coalition joined 28 other organizations on March 5, 2018 in sending a letter supporting the administration’s December designations under the Global Magnitsky Act, an important measure to fight corruption and human rights abuses. The letter also expresses disappointment that designations weren’t made in key regions and countries. The full letter can be read below or downloaded here.

Letter from the National Association of Realtors Endorsing Beneficial Ownership Transparency.

February 6, 2018

Dear Chairman Grassley and Ranking Member Feinstein: On behalf of the 1.3 million members of the National Association of REALTORS® (NAR), I thank you for holding the hearing on “Beneficial Ownership: Fighting Illicit International Financial Networks Through Transparency.” REALTORS® appreciate the attention on policy that promotes national security and helps the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) mitigate risks posed to interstate and international commerce.

Briefing Memo: Ending Offshore Tax Avoidance

January 31, 2018

There is widespread agreement, across the political spectrum, that the gaming of the tax code by multinational corporations is a problem. When profits and jobs are shipped offshore, we not only harm the U.S. economy, we fuel a tax haven industry that drains wealth around the world.

The tax system under the Tax Cuts and Jobs Act includes loopholes and incentives to shift money and jobs overseas.

2018 Financial Secrecy Index Launch: How Opaque Is The United States?

January 30, 2018
Join the FACT Coalition in Washington on January 30th at 12pm EST for the 2018 launch of the Financial Secrecy Index and find out where the U.S. ranks among the world’s biggest tax havens.

Anonymous Companies Shield Human Traffickers from Law Enforcement

January 8, 2018

Quotes from prominent anti-human trafficking experts explaining the problems with anonymous shell companies.