Anti-Money Laundering | Page 18 | The FACT Coalition

June 22 Book Launch: “Butler(s) to the World” – Ending Dirty Money in the UK and US

On the occasion of the U.S. publication of investigative journalist Oliver Bullough’s latest book, Butler to the World: How Britain Helps the World’s Worst People Launder Money, Commit Crimes, and Get Away with Anything, the author joined the Financial Accountability and Corporate Transparency (FACT) Coalition, alongside legislators and advocates from the U.S. and U.K., to discuss the problems caused by dirty money in the U.K. and U.S. and how to foster transatlantic competition to crack down on dirty money in both jurisdictions.

FACT Submits Testimony to Senate Appropriations Subcommittee Calling for Greater FinCEN Funding

June 15, 2022

FACT Testimony to Senate Appropriation’s Subcommittee on Financial Services and General Government Emphasizes Need for FinCEN Funding

Treasury Department Makes Urgent Plea for Funding for the Nation’s Financial Crime Fighters

June 14, 2022

Today, Deputy Treasury Secretary Wally Adeyemo testified before the Senate Appropriations Subcommittee on Financial Services and General Government (FSGG) to urge increased funding for the Financial Crimes Enforcement Network (FinCEN).

Summit Anti-Corruption Commitments Must Include U.S. Domestic Anti-Money Laundering Reforms

June 9, 2022

The Financial Accountability and Corporate Transparency (FACT) Coalition today reiterated the need for substantive U.S. leadership on key anti-corruption and financial transparency reforms after the opening speech by President Biden last night. Among the Summit’s themes is the reaffirmation of still unfulfilled anti-corruption commitments from the previous Summit of the Americas in Lima, Peru.

Addressing Capital Flight from Africa is a Global Task

June 2, 2022

Africa loses significantly more cash to capital flight than it obtains from development aid, external borrowing, or foreign direct investment. In a real sense, Africa is a “net creditor” to the rest of the world.

Congress Approves Overdue Funds to Boost U.S. Anti-Money Laundering Reforms in Ukraine Aid Package

May 19, 2022

The FACT Coalition applauds the inclusion of $52 million in emergency funds for the U.S. Treasury Department as part of the appropriations package passed today by the U.S. Senate. Today’s vote sends the larger $40 billion Ukraine aid package to the President’s desk to sign into law, and will assist Ukraine in the face of Russia’s illegal invasion.