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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.

The U.K. is Taking a Major Step to Curb Money Laundering Through Real Estate. To be Effective Against Russia, the U.S. Must Do the Same.

March 23, 2022

Last week, the UK Parliament passed long-promised reform to provide a window into the opaque British real estate market. This reform – desperately needed following countless exposés about financial abuses in the UK real estate sector, including recent revelations in light of Russia’s invasion of Ukraine – will have critical implications for deterring and investigating economic crime and sanctions evasion. As the U.S. works with other countries to pursue multilateral sanctions against Russia, it must follow the UK and expeditiously advance its own rules to improve transparency in the U.S. real estate sector.