![](/wp-content/uploads/2021/12/dark-3230515_1280-300x300.jpg)
U.S. Ranked Most Secretive Financial Jurisdiction in the World
Today, the United States was ranked the most secretive financial jurisdiction in the world, according to the 2022 Financial Secrecy Index (FSI).
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.
Today, the United States was ranked the most secretive financial jurisdiction in the world, according to the 2022 Financial Secrecy Index (FSI).
Join the Financial Accountability and Corporate Transparency (FACT) Coalition on May 17th for the U.S. launch of the Financial Secrecy Index, a flagship research initiative of the Tax Justice Network. The Financial Secrecy Index ranks countries around the world based on “how intensely the country’s financial and legal system allows individuals to hide and launder money extracted from around the world.”
FACT’s Policy Director Ryan Gurule and Gary Kalman of FACT-Member Transparency International Spoke Today in a Legislative Briefing for New York’s Legislature on the Importance of Implementing Corporate Transparency Reforms through New York’s LLC Transparency Act
FACT’s statement to House Financial Services outlines priorities for implementing beneficial ownership reform and strengthening anti-money laundering rules
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.
FACT’s Ryan Gurule is quoted in the Wall Street Journal: “Private funds are “a black hole” because of their lack of requirements for vetting and reporting investors,”