FACT Submits Testimony to Senate Appropriations Subcommittee Calling for Greater FinCEN Funding
FACT Testimony to Senate Appropriation’s Subcommittee on Financial Services and General Government Emphasizes Need for FinCEN Funding
FACT Submits Statement for Key FinCEN Oversight Hearing
FACT’s statement to House Financial Services outlines priorities for implementing beneficial ownership reform and strengthening anti-money laundering rules
FACT Submits Comment to the SEC to Amend Form PF and Secure the U.S. Financial System
Requiring private fund advisers to conduct and report basic customer due diligence is key for defending U.S. financial markets from bad and corrupt actors.
Enforce U.S. Sanctions and Protect the U.S. Financial System
Inadequate funding for the U.S. Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI) jeopardizes the enforcement of new U.S. sanctions in light of President Putin’s unlawful invasion of Ukraine.
Before Senate Caucus on International Narcotics Caucus, FACT Calls for Stronger Anti-Money Laundering Safeguards Against Narcotics Financing
FACT Government Affairs Director Erica Hanichak spoke before the Senate Caucus on International Narcotics Control on ways legislators can deny drug traffickers and the corrupt officials they work with access to the U.S. financial system.
FACT Welcomes Treasury Department Action to Counter Money Laundering through U.S. Real Estate
WASHINGTON, DC – In a comment letter submitted yesterday, the FACT Coalition welcomed action by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to bring the U.S. real estate sector under the purview of federal anti-money laundering safeguards. The FACT Coalition offered guidance on how FinCEN should craft a rulemaking that would introduce permanent, nationwide standards to address illicit financial risks in the sector.