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.
In February, FACT member Transparency international released a report outlining perceived corruption globally. Adding to a troubling trend over the last few years, the U.S. again fell in its ranking with its lowest score since 2012.
The Financial Accountability and Corporate Transparency (FACT) Coalition welcomed the final report from a UN panel shining a spotlight on the need to fight illicit financial flows and raise government revenues through global tax reform.
FACT Executive Director Ian Gary to speak at Chatham House Annual Conference on Illicit Financial Flows
FACT Sent Comments to the Federal Reserve on its Proposed Suspicious Activity Reports Exemption Rule
FACT Sent Comments to the NCUA on its Proposed Suspicious Activity Reports Exemption Rule
FACT Sent Comments to the FDIC on its Proposed Suspicious Activity Reports Exemption Rule
