San Francisco Standard: Senate Rejects Bill To Curb Money Laundering in Silicon Valley
The San Francisco Standard quotes FACT Government Director Erica Hanichak about the need to pass the ENABLERS Act to counter the influence of foreign kleptocrats.
White House Announces “Full Support” for Critical Bipartisan Anti-Money Laundering Reform Bill at Anti-Corruption Conference
The FACT Coalition applauds today’s announcement by Jake Sullivan, National Security Advisor to the President, of the Biden Administration’s “full support” for the ENABLERS Act. The ENABLERS Act would close dangerous loopholes in the U.S. anti-money laundering framework.
One Year Out from the First Summit for Democracy, It’s Time to Put the Pedal to the Metal on Anti-Money Laundering Reforms
The Administration must accelerate its efforts on AML by fully implementing U.S. anonymous entity beneficial ownership transparency rules and advancing long-overdue regulatory overhauls on U.S. real estate and private investment fund markets within the coming year.
New Shareholder Resolutions Turn Up Pressure for Country-by-Country Reporting from U.S. Oil Giants
The bipartisan ENABLERS Act continues to gain steam heading into conference as an amendment to the annual must-pass defense bill, providing lawmakers with a historic opportunity to end the complicity of U.S. professionals in the laundering of illicit funds by kleptocrats and criminals the world over.
FACT Submits Comments to Biden Administration on Combating Deforestation Related Illicit Finance
Recommendations include explicit inclusion of foreign environmental crimes as a predicate offense for money laundering and consideration of the role of U.S. financiers in future proposed regulation.
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.