WSJ: Senate Weighs Expansion of Money-Laundering Rules
FACT’s Government Affairs Director Erica Hanichak is mentioned in the Wall Street Journal, making the case for new anti-money laundering requirements for private equity firms.
FACT Coalition Submits Recommendations to Treasury about Combatting Illicit Finance in Digital Assets
FACT’s comments advise that financial regulators will need to take strong action to apply comprehensive AML, CFT, and reporting protocols to the digital asset ecosystem.
Biden Administration Must Advance Anti-Corruption Progress to Tackle the Climate Crisis
Ahead of COP27, the U.S. can certainly point proudly to its historic investments of hundreds of billions of dollars into clean energy. An additional way for the Biden administration to bolster its climate policy is by finishing the job on a slew of anti-corruption reforms.
FACT Joins 80+ Other Organizations to Send Letter to Congressional Leaders in Support of the ENABLERS Act
“ENABLERS would help ensure that corrupt cash doesn’t make it into our country and our markets in the first place. If the ENABLERS Act passes, Congress will have led a sea-change in American anti-corruption law.”
Key Anti-Money Laundering Legislation Heads to Conference, Giving Lawmakers an Additional Chance to Pass Crucial Reforms
The bipartisan ENABLERS Act, which would put an end to the abuse of US markets by kleptocrats and international criminals that is aided by certain legal, administrative and financial professionals, is officially headed to a conference committee later this year as part of the must-pass annual defense bill.
FACT Submits Comments to the SEC Encouraging Additional Due Diligence and Reporting Requirements for Financial Advisors
Key recommendations include requiring investment advisers to conduct basic customer due diligence, report beneficial ownership information, and countries of origin for investors in private funds.