Blog | Page 6 | The FACT Coalition

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.

Targeted Sanctions toward Russian Oligarchs Underscore Urgency of U.S. Anti-Money Laundering Reforms

February 28, 2022

While the White House considers and implements immediate actions to aid Ukraine, it must also pursue structural U.S. anti-money laundering reforms to increase the effectiveness of targeted U.S. sanctions and to end the weaponization of U.S. legal and financial systems against democratic and open societies.

Regulating ‘Acres of Money Laundering’: Time for FinCEN to craft a robust rule for transparency in the real estate sector

February 24, 2022

On December 6, U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) published an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment for Anti-Money Laundering regulations in real estate transactions.

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.