In an op-ed for Bloomberg Law, FACT Policy Director Zorka Milin writes that the recent Alabama court ruling on the Corporate Transparency Act both misinterprets the law, and hobbles critical anti-money laundering efforts.
FACT executive director Ian Gary was quoted in the Wall Street Journal’s coverage of the recent Alabama court ruling.
“This is a pro-crime, pro-drug cartel, pro-fentanyl ruling which undermines the rule of law and allows criminals to use anonymous shell companies to hide their dirty money from law enforcement.”
Ian Gary was quoted in Compliance Week alongside TI-US Executive Director Gary Kalman praising Treasury’s proposed rule.
“By finalizing strong anti-money laundering safeguards for the multi-trillion dollar real estate sector,” said Kalman, “the Biden administration can live up to its commitments and catapult the United States from being a laggard to a leader in the global fight against corruption and illicit finance.”
FACT executive director Ian Gary was quoted in the Wall Street Journal’s coverage of Treasury’s proposed rule on real estate money laundering.
FACT government affairs director Erica Hanichak was quoted in coverage by ICIJ’s Spencer Woodman of the rollout of Treasury’s groundbreaking beneficial ownership registry, in which she dispelled myths surrounding the measure’s requirements and possible penalties for small businesses.
Read FACT executive director Ian Gary’s recent letter to the editor in the Washington Post calling attention to the role that U.S. financial secrecy plays in enabling the environmental degradation of the Amazon.
