Blog | Page 5 | The FACT Coalition

U.S. Must Address Its Own Credibility Gap to Be a Leader on Combating Corruption and Ensuring Resources for UN Sustainable Development Goals

September 20, 2022

As world leaders gather this week in New York for the United Nations General Assembly (UNGA), an epidemic of offshore wealth looms large over efforts to safeguard a turbulent post-pandemic world. Faced with myriad unpredictable crises, ranging from historic floods and droughts to widespread food scarcity and brewing recessionary fears, governments around the world are facing a need to raise revenues to stave off disasters and have a chance to meet the UN’s Sustainable Development Goals.

Policymakers Must Consider Bold Policy Proposals to Counter Multiplying Money Laundering Threats from Environmental Crimes

July 25, 2022

The growing nexus of environmental crimes and illicit finance is demanding action, and environment, conservation and anti-corruption advocates alike are taking note. On June 28th and 29th, FACT hosted a virtual convening of over 60 civil society activists, experts, and policymakers to discuss this policy intersection, identify shared priorities, and discuss joint advocacy strategies.

Strategic Collaborations: Addressing the U.S. Role as a Destination for Illicit Finances from Africa

July 19, 2022

To tackle global corruption, the U.S. must start by cleaning up its own house through the reforms discussed in this blog, as well as by working collaboratively with African nations, civil society actors, and professionals to properly stem the root causes and key loopholes that enable capital flight, illicit financial flows, and corrupt or criminal financial abuses.

Addressing Capital Flight from Africa is a Global Task

June 2, 2022

Africa loses significantly more cash to capital flight than it obtains from development aid, external borrowing, or foreign direct investment. In a real sense, Africa is a “net creditor” to the rest of the world.

Cracking Down on Financial Crime: Six Issues to Watch in Thursday’s House Hearing with the FinCEN Acting Director

April 26, 2022

There’s a lot to watch during Thursday’s congressional oversight hearing with FinCEN Acting Director Him Das. Here’s what we are interested in knowing re: U.S. progress to close AML loopholes and deny kleptocrats, criminals, and terrorists access to the U.S. financial system.

Investors Score Huge Win at the SEC in the Fight for Greater Tax Transparency from Amazon

April 7, 2022

This week, the Securities and Exchange Commission (SEC) handed Amazon investors a major victory in their drive for greater tax transparency. In response to Amazon’s attempts to exclude a shareholder proposal urging greater disclosures, the SEC ruled that the company must include the proposal in its upcoming annual meeting of investors, to be held in May.