Blog | Page 6 | The FACT Coalition

Following Illicit Financial Flows from Africa to the U.S.

February 18, 2022

As a reporter in Uganda, I often saw how access to quality health care and education was limited because of low government revenues and budget allocations. While Uganda and other African countries are certainly recipients of foreign aid from the West, and generate their own tax revenues, it is also clear that illicit financial flows are bleeding out of the African continent, enabled in part by the policies of the West. We now need new partnerships with Africa to “stop the bleeding.”

2022 Is Shaping Up to be an Historic Year in the U.S. Fight Against Financial Crimes and Global Corruption

February 8, 2022

This year promises to be one of the most important in recent history in America’s fight against illicit financial flows, global corruption, and kleptocracy.

Our Banner Year at the FACT Coalition

December 16, 2021

While the world – and our country – faced many intersecting challenges, we’ve had a banner year of campaigning success. Beyond policy wins, we’ve helped change the narrative to argue that corruption and tax avoidance are major threats to democratic societies. None of this would have been possible without the collaboration of our members, allies, funders, and friends.

Shining a Light on $5 Trillion in Tax Avoidance in Wake of Global Tax Deal

December 1, 2021

Recent progress achieved through creating a global minimum corporate tax must be complemented by greater tax transparency and enforcement. As the saying goes, “sunlight is the best disinfectant.”

Now is the Time for the Biden Administration to Crack Down on Money Laundering Tools that Reward Kleptocrats and Encourage Environmental Damage

November 29, 2021

With the global climate summit COP26 just concluded and the Summit for Democracy – with its emphasis on combating corruption – right around the corner, now is the perfect time for activists to bring together the fights against corruption and climate change.

Financial Secrecy Feeds Kleptocracy and Environmental Destruction. Now is the Time for the U.S. and the World to Act on Beneficial Ownership Reform

November 3, 2021

Operating in financial secrecy, bad actors are free to profit from environmental degradation, and in doing so undermine the global fight against climate change. As global leaders make new commitments this week at COP26, it’s time that politicians promise to shine a light on global financial secrecy, particularly the use of anonymous shell companies, as a crucial climate reform.