The FACT Coalition offered a blueprint to the Biden Administration on how the Treasury Department should draft the rule for a landmark anti-corruption and anti-money laundering law, the Corporate Transparency Act, enacted by Congress in January.
The FACT Coalition welcomed the inclusion of increased funding for the Financial Crimes Enforcement Network (FinCEN) in President Biden’s topline FY22 budget request released today.
House, Senate introduce legislation to end corporate incentives to shift profits and jobs offshore
The Financial Accountability and Corporate Transparency (FACT) Coalition welcomed the final report from a UN panel shining a spotlight on the need to fight illicit financial flows and raise government revenues through global tax reform.
U.S. Senators Ben Cardin (D-MD) and Roger Wicker (R-MS) introduced legislation Thursday that would establish a global anti-corruption action fund at the State Department, dedicated to shoring up the rule of law abroad and combating global corruption.
President-Elect Biden formally nominated Gary Gensler as Chairman of the Securities and Exchange Commission (SEC), to lead the agency’s Wall Street oversight and investor protection efforts.
