A diverse collection of more than 100 organizations sent a letter to the sponsors of the Corporate Transparency Act of 2019 (H.R.2513) supporting their legislation to end the abuse of anonymous companies.
More than 60 national security experts sent a letter to the U.S. House of Representatives’ Committee on Financial Services, urging members to end the incorporation of anonymous shell companies.
The Fraternal Order of Police (FOP) sent a letter to lawmakers on the U.S. House Committee on Financial Services endorsing the bipartisan Corporate Transparency Act of 2019 (H.R.2513).
The National Association of Assistant U.S. Attorneys (NAAUSA) sent a letter to lawmakers on the U.S. House Committee on Financial Services endorsing the bipartisan Corporate Transparency Act of 2019 (H.R.2513).
Titled “Anonymous Companies Help Finance Illicit Commerce and Harm American Businesses and Citizens: A Need for Incorporation Transparency,” this May 2019 report from the Financial Accountability and Corporate Transparency Coalition (FACT Coalition) explains that the trafficking and smuggling of counterfeit and pirated goods is a very profitable illegal activity for many of today’s criminals and illicit networks and that these networks rely on the secrecy provided by anonymous entities to launder their ill-gotten-gains and escape detection.
Anti-human trafficking organization, Polaris sent a letter to the U.S. House of Representatives’ Committee on Financial Services, urging members to end the incorporation of anonymous shell companies.
The full letter can be read below or downloaded here.
