FinCEN Files Highlight Need to Overhaul and Prioritize Dirty Money Fight
A new investigation published by a global network of news outlets reveals major flaws in U.S. anti-money laundering safeguards.
FACT Sheet: A Brief Summary of The Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049)
The Anti-Money Laundering Act would end the abuse of anonymous companies and has the support of the business community, national security experts, and law enforcement.
FACT Sheet: Administration Support for Beneficial Ownership Disclosure
Several members of the U.S. administration have made statements in support of beneficial ownership disclosure.
Just the FACTs: July 29, 2020
2020 is turning out to be an eventful year in the fight against corrupt financial practices.
FDD Action Sends Support Letter for S.Amdt.2198
Following the inclusion of H.Amdt.1 in the House National Defense Authorization Act, FDD Action calls on the Senate to take up S.Amdt.2198. Like the House version, the Senate amendment would “help deter nefarious actors from exploiting holes in our beneficial ownership regime.”
House Adds Measure Ending Anonymous Companies to Annual Defense Bill
The U.S. House of Representatives voted Monday to attach a major measure updating federal anti-money laundering laws and ending the incorporation of anonymous companies in the U.S. to the annual National Defense Authorization Act.