Anti-Money Laundering

Money laundering fuels everything from terror finance and sanctions evasion to human trafficking and corruption. However, experts warn that our anti-money laundering efforts are on the brink of failure, as law enforcement only interdicts less than one-half of one percent of the trillions of dollars laundered each year. We need a new approach to addressing money laundering and the dangerous threats to our safety and security from the crimes funded through illicit finance.

FACT Coalition Applauds Biden Administration Move to Establish the Fight Against Corruption as a “Core U.S. National Security Interest”

The Financial Accountability and Corporate Transparency (FACT) Coalition today warmly welcomed the Biden Administration’s move establishing combatting corruption at home and abroad as a core U.S. national security interest. The National Security Study Memorandum, and President Biden’s directive to the National Security Advisor to develop a national strategy to combat corruption, represents a significant and timely elevation of the fight against corruption and financial secrecy.

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FACT Welcomes U.S. Congressional Anti-Kleptocracy Caucus Committed to Financial Transparency and Rule of Law

The U.S. Congress announced today the formation of the new, bipartisan Caucus Against Foreign Corruption and Kleptocracy. The caucus – chaired by Reps. Tom Malinowski (D-NJ) and John Curtis (R-UT) and vice-chaired by Reps. Bill Keating (D-MA) and Brian Fitzpatrick (R-PA) – will be a forum to educate and mobilize Members of Congress on cross-cutting domestic and foreign policy reforms to tackle corruption.

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A Biden Boom in the Fight to Close Tax Loopholes: Just the Facts: April 21

Over the past month, there has been an unprecedented global focus on corporate tax loopholes and profit shifting amidst reporting that at least 55 of America’s largest corporations paid no federal corporate income taxes at all in 2020. Since the dawn of civil society campaigning for international tax justice, this may be the closest activists have come to ending the era of tax havens and massive tax avoidance and it is increasingly clear to many lawmakers that corporations need to pay their fair share to help pay for COVID recovery programs, infrastructure, and other needs.

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