Letter From 12 Financial Services Trade Groups to House lawmakers Endorsing Beneficial Ownership Disclosure.
12 financial services trade groups sent a letter to the House lawmakers endorsing beneficial ownership disclosure.
Comments to SEC in Support of Legal Entity Identifier (LEI) Requirements
The FACT Coalition filed a comment on January 2, 2018 with the U.S. Securities and Exchange Commission (SEC) supporting the agency’s proposal to mandate the disclosure of Legal Entity Identifier (LEI) numbers by public companies and their subsidiaries. The Coalition also urged requiring all public companies to obtain LEIs, ensuring that the LEIs are disclosed in a machine-readable format, and mandating that companies disclose all of their subsidiaries in their disclosures, rather than simply their “significant” subsidiaries.
Letter from the National District Attorneys Association to the House Financial Services Committee Supporting Corporate Transparency
The National District Attorneys Association sent a letter the U.S. House Financial Services Committee regarding the Corporation Transparency.
Letter from Jubilee USA Network to the House Financial Services Committee Regarding The Counter Terrorism and Illicit Finance Act Draft
Jubilee USA Network sent a letter to the U.S. House of Representatives Financial Services Committee with thoughts and concerns regarding the Counter Terrorism and Illicit Finance Act draft. The letter was sent on December 6, 2017.
Letter to House Regarding “Legislative Proposals to Counter Terrorism and Illicit Finance”
The FACT Coalition sent a letter to the leaders of the U.S. House Financial Services Committee’s Subcommittees on Terrorism and Illicit Finance and Financial Institutions and Consumer Credit to be submitted to the official record of the November 29, 2017 joint hearing entitled “Legislative Proposals to Counter Terrorism and Illicit Finance.”
Corporate Anonymity is a Conduit for Crime
Few people would imagine Delaware or Wyoming as potentially key players in the world of international crime and terror. But as a result of some of the most permissive corporate legal codes in the world, that appears to be a strong possibility.