![](/wp-content/uploads/2019/12/Letter-Correspondence-by-Natu-Shutterstock-457082572-1200x627-300x300.jpg)
FACT Sent Comments to FinCEN on AML Program Effectiveness
FACT sent comments to ANPRM on AML Program Effectiveness.
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 sent comments to ANPRM on AML Program Effectiveness.
FACT makes recommendations to President-Elect Biden’s transition team to advance corporate and financial transparency and tax reforms.
A new UN report exposes major shortcomings and systemic problems in the global framework to combat tax abuse, corruption, and money laundering.
A new investigation published by a global network of news outlets reveals major flaws in U.S. anti-money laundering safeguards.
2020 is turning out to be an eventful year in the fight against corrupt financial practices.
Outside of crimes of passion—for example, murder committed in a jealous rage—criminals, criminal organizations, kleptocrats, and some businesses and corporations are motivated by greed. In today’s increasingly interconnected world, the criminal manifestations of unchecked avarice impact all of us: politically, socially, economically, and culturally. Transnational crime affects our individual and collective security.