Press Coverage | Page 14 | The FACT Coalition

The Miami Herald: Crackdown on dirty money shook Miami real estate. Now, Rubio wants to take it national

July 31, 2018

In a move with significant implications for the U.S. housing market, Florida Republican Sen. Marco Rubio is seeking to take a Treasury Department crackdown on dirty money in luxury real estate and expand it from a few high-priced enclaves to the entire nation.

Rubio says his proposal is an attempt to root out criminals who use illicit funds and anonymous shell companies to buy homes — a form of money laundering that hides the cash’s tainted origin from law enforcement and banks. The widespread practice enables terrorism, sex trafficking, corruption, and drug dealing by providing an outlet for dirty cash, according to transparency advocates.

AEI: It’s long past time for Congress and the Treasury to step up their global anti-corruption efforts

July 30, 2018

It is time for Congress to start fighting for something larger than its component pieces. New beneficial ownership legislation, and new anti-corruption laws in general, should be framed as a pillar of a grand struggle to restore American global leadership, expand and spread American prosperity, and create space for new international opportunities with countries that want to play by the rules.

Sven Giegold: Global Tax Cooperation Remains Crucial

July 19, 2018

Giegold is a member of a parliamentary delegation which has just concluded a fact finding trip to Washington on what the US is doing to combat financial crime.

The delegation from the economic and monetary affairs committee was in Washington and New York to meet representatives from the US Treasury, the Institute of International Bankers (IIB) and the Federal Reserve Board (FRB).

Oregon Business Report: Taxing corporate profits on per-country basis

July 4, 2018

Rep. Peter DeFazio introduced legislation to discourage multinational corporations from moving abroad by taxing corporate profits on a per-country basis

REGULATORY REPORT: OCC SAYS AML REG RELIEF IN SIGHT, GLOBAL BENEFICIAL OWNERSHIP BATTLES, AND MORE

June 30, 2018

Delaware’s top government official overseeing company formation in the state endorsed a bipartisan federal proposal to require companies to disclose their true owners at the time of formation in new a new letter to Congress.

McClatchy DC: New Panama Papers leak shows U.S. oddly inactive

June 20, 2018

A new leak of data from the embattled law firm Mossack Fonseca shows it scrambling to contain the crisis triggered by the April 2016 leak of the Panama Papers and attempting to field demands for information from authorities in numerous countries — with the glaring exception of the United States.