The NDAA Voices Support for the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049)
The National District Attorneys Association has voiced its support for the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049).
More than 100 National Security and Foreign Policy Experts Call on Congress to Tackle Anonymous Shell Companies
More than 100 national security experts sent a letter to senate leadership urging members to end the incorporation of anonymous shell companies by passing the Anti-Money Laundering Act of 2020.
Business Organizations Back ILLICIT CASH Act (S. 2563)
The harm caused by illicit commerce, facilitated oftentimes by the abuse of anonymous companies, is far reaching.
Comments to House Financial Services Committee on COVID-19 Cybercrime and Fraud
The FACT Coalition filed comments for the record to House Financial Services Committee regarding a Virtual Hearing titled “Cybercriminals and Fraudsters: How Bad Actors Are Exploiting the Financial System During the COVID-19 Pandemic,” on June 16th, 2020.
Effective Coronavirus Response Demands an End to Financial Secrecy
Corruption thrives in crisis. As the nation rushes to stop the bleeding of the COVID-19 pandemic, new opportunities arise for bad actors—common criminals, corrupt officials, U.S. adversaries, and authoritarian regimes—to exploit gaps in the U.S. financial system for their own gain. Congress must spend the coming weeks not only readying the next economic response to COVID-19 but also tackling the long-standing vulnerability of U.S. financial secrecy, to keep the trajectory of the national and global recovery on course.
Comments to UN FACTI High Level Panel for Achieving the 2030 Agenda
FACT sent comments to the United Nations High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel).