FACT Submits Statement for Key FinCEN Oversight Hearing
FACT’s statement to House Financial Services outlines priorities for implementing beneficial ownership reform and strengthening anti-money laundering rules
Cracking Down on Financial Crime: Six Issues to Watch in Thursday’s House Hearing with the FinCEN Acting Director
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.
Anti-Corruption Campaigners Urge Treasury to Swiftly Implement Landmark Corporate Transparency Law
The FACT Coalition sent a letter today to the Financial Crimes Enforcement Network (FinCEN) urging the agency to act quickly to implement the secure directory of beneficial owners of U.S. entities under the Corporate Transparency Act (CTA) and, in doing so, to adopt a set of internationally recognized best data practices.
SEC Should Lead Reforms to Private Investment Fund Reporting in Wake of US Sanctions on Russian Oligarchs
The Financial Accountability and Corporate Transparency (FACT) Coalition is calling on the Securities and Exchange Commission (SEC) to address the undisclosed presence of possible illicit financial flows in private investment markets. Without further action from the SEC, these flows may enrich and embolden potential adversaries, such as Putin’s regime, and eventually destabilize U.S. and global financial markets. Meanwhile, the failure to identify these flows undermines current sanctions against Russian oligarchs, and may jeopardize future tools that the U.S. might wield against aggressive governments.
Before Senate Caucus on International Narcotics Caucus, FACT Calls for Stronger Anti-Money Laundering Safeguards Against Narcotics Financing
FACT Government Affairs Director Erica Hanichak spoke before the Senate Caucus on International Narcotics Control on ways legislators can deny drug traffickers and the corrupt officials they work with access to the U.S. financial system.
U.S. Freeze of Russian Oligarch Assets Welcomed by FACT Coalition
The FACT Coalition welcomed the White House announcement of a “multilateral Transatlantic task force” to identify and freeze the assets of sanctioned Russian companies and oligarchs.