Click here to read the FACT Coalition’s latest report analyzing the ways in which U.S. financial secrecy helps abet and reward environmental criminals in the Amazon region.
FACT’s latest report assesses critical gaps in the U.S. anti-money laundering framework that have made the country a safe haven for illicit financial flows from environmental crimes.
With additional resources from the Andes-Amazon Initiative, FACT will work to close regulatory loopholes, increase enforcement efforts, and improve collaboration between the U.S. and governments in the Andes-Amazon region to mitigate illicit financial flows from environmental crimes in the Amazon.
Under new standards, many U.S. companies will now have to provide additional information on their total cash taxes paid across jurisdictions, as well as more effectively break down the calculation of their effective tax rates for a given income year.
The appointment of U.S. sanctions expert Andrea Gacki to lead the Financial Crimes Enforcement Network will help empower the Bureau to better safeguard the U.S. financial system from ever-evolving threats.
Pressure from the Organization for Economic Cooperation and Development contributed to the Australian government’s decision to alter and delay legislation mandating public country-by-country reporting from large multinational companies last month, according to recent front-page reporting by the Financial Times.
