Letter From 12 Financial Services Trade Groups to House lawmakers Endorsing Beneficial Ownership Disclosure.
12 financial services trade groups sent a letter to the House lawmakers endorsing beneficial ownership disclosure.
Letter from Jubilee USA Network to the House Financial Services Committee Regarding The Counter Terrorism and Illicit Finance Act Draft
Jubilee USA Network sent a letter to the U.S. House of Representatives Financial Services Committee with thoughts and concerns regarding the Counter Terrorism and Illicit Finance Act draft. The letter was sent on December 6, 2017.
FACT Sheet: Use of Anonymous Companies Cause Widespread Harm
The conversation about the dangers of anonymous companies has largely focused on corrupt foreign leaders and threats to national security, human trafficking, and disruption to business. Additional harms include bidding up prices that fuel the loss of affordable housing, environmental degradation, and tax evasion.
FACT Sheet: Anonymous Companies and National Security
The 2016 release of the Panama Papers was an avalanche of data on the nefarious use of anonymous companies for corrupt activities. The leak showed that shell companies can represent an important nexus of corruption, money laundering, transnational organized crime, and terrorism, all of which directly harm U.S. foreign policy interests. Such companies have been used to divert U.S. security and overseas development funds from their intended purposes into the hands of those who seek to do the United States harm, and they can help fund the very insurgents and terrorists U.S. troops are fighting.
FACT Sheet: Anonymous Shell Companies (August 2017)
America Is the Easiest Country in the World in which to Form an Anonymous Shell Company.
Creating a U.S. shell company takes less information than acquiring a library card. A 2015 academic study found that the U.S. is the easiest country in the world for terrorists and criminals to open anonymous shell companies to launder their money with impunity.
FACT Sheet: Differences in Beneficial Ownership Legislation
Creating a U.S. shell company takes less information than acquiring a library card. A 2014 academic study found that the U.S. is the easiest country in the world for terrorists and criminals to open anonymous shell companies to launder their money with impunity.