FACT deputy director Erica Hanichak was quoted by Thomson Reuters in their coverage of FinCEN’s announcement that it plans to delete beneficial ownership information collected under the Corporate Transparency Act.
“Pilot agencies collectively provided 100 staff members access to FinCEN’s IT system for BOI, conducting nearly 1,700 searches as of October 29, 2024.” Erica Hanichak noted this shows a clear demand amongst law enforcement for the information.
Read FACT program director for environmental crimes Julia Yansura’s op-ed for Common Dreams on the need for US action to address the financial flows from environmental crime.
FACT program director for environmental crimes, Julia Yansura, was quoted by the Miami Herald in their coverage of an illegal gold smuggling operation.
“Illegal gold mining is a regional crisis that undermines the rule of law, damages the environment, and fuels organized crime. With significant gaps in our anti-money laundering regulations and trade policies, the U.S. has become a hub for the proceeds of this crime, empowering criminal networks and authoritarian regimes in the process.”
Bloomberg covered a new FACT report that examines the destructive effects of illegal gold mining, with a focus on steps the U.S. can take to cut off the financial drivers of this crime.
FACT policy director Zorka Milin was quoted by Bloomberg in their coverage of a new tax provision that restructures a tax break for U.S. companies’ foreign sales.
“They’re getting…an even more generous tax break for a policy that is untested,” Milin said. “It could…add a tax reward for something that companies might be doing anyway.”
Read FACT deputy director Erica Hanichak’s letter to the editor for the Wall Street Journal on the importance of addressing the abuse of shell companies when enforcing tariffs.
