New disclosures are shedding light on the large role that tax havens continue to play in shielding American multinational companies from effective taxation, SFRC clears the U.S. Legal Gold and Mining Partnership Act, and more in the latest Just the FACTs Newsletter.
The UK Illicit Finance Summit must elevate the issues of illicit finance and the gold trade on the global stage, writes FACT’s Julia Yansura and Spotlight on Corruption’s Helen Taylor.
Mongabay covered a new FACT report that examines the destructive effects of illegal gold mining, with a focus on steps the U.S. can take to cut off the financial drivers of this crime.
“A militaristic, hardline U.S. response to illegal gold mining in the region would be both unwise and ineffective… What we are urging the U.S. to do is to employ new tools from the anti-money laundering and counter-terrorism financing toolbox.”
Bloomberg covered a new FACT report that examines the destructive effects of illegal gold mining, with a focus on steps the U.S. can take to cut off the financial drivers of this crime.
FACT’s latest report examines the devastating effects of illegal gold mining in Latin America, with a focus on how the U.S. financial system facilitates the laundering of illicit gold profits.
FACT program director for environmental crimes and illicit finance Julia Yansura was quoted by the Organized Crime and Corruption Reporting Project in their coverage of the remittance tax provision included in the 2025 budget megabill.
“While Congress’ remittance tax raises relatively little money for the United States, these paltry funds will come with a huge illicit finance risk, driving financial flows underground.”
