FACT’s estimate that 99% of entities will be exempt from reporting beneficial ownership information was cited by Thomson Reuters in their coverage of the Treasury’s new interim final rule.
FACT program director for environmental crime and illicit finance Julia Yansura was interviewed for BBC World Business Report on the rising price of gold and its implications for the illegal mining, trafficking, and money-laundering industries.
“The best way to curb this problem is not by focusing on the mining site,” said Yansura. “Rather, we should be using financial strategies from the anti money laundering and counter terrorism financing (AML/CFT) toolbox. For example, it’s important to know who is actually behind the companies involved in the export or import of gold.”
The FACT Coalition’s statement on the Treasury’s decision to end enforcement of beneficial ownership information reporting requirements was quoted in Reuters’ coverage.
FACT’s program director for environmental crime and illicit finance Julia Yansura was quoted in EL PAÍS coverage of rising gold prices and their effects on the proliferation of environmental crimes.
FACT’s executive director Ian Gary was quoted in the Wall Street Journal’s coverage of the Treasury’s decision to not enforce beneficial ownership reporting requirements for US-based companies under the Corporate Transparency Act.
“Hollowing out the Corporate Transparency Act is an unconstitutional subversion of Congress’ intent that will not survive judicial scrutiny,” Gary said.
FACT’s executive director Ian Gary was quoted in Associated Press’ coverage of the Treasury’s decision to end enforcement of beneficial ownership information reporting requirements for U.S entities under the Corporate Transparency Act.
