Business Organizations Back ILLICIT CASH Act (S. 2563)
The harm caused by illicit commerce, facilitated oftentimes by the abuse of anonymous companies, is far reaching.
Comments to SEC on Proposed Rule on “Disclosure of Payments by Resource Extraction Issuers”
The FACT Coalition sent a letter to the U.S. Securities and Exchange Commission voicing concerns that the proposed SEC rule does not currently align itself with the emerging global standards around transparency of tax and payments to governments.
FACT Sheet: Anonymous Companies and National Security (January 2020)
Anonymous companies facilitate everything from corruption and money laundering to transnational organized crime, sanctions evasion, and terrorism — all of which directly harm U.S. foreign policy interests.
FACT Sheet: Anonymous Companies and Human Trafficking
Anonymous companies provide human traffickers the secrecy they crave. Opaque ownership structures make it difficult to track the individuals involved, while providing plausible deniability for those who profit from human trafficking operations.
International NGOs Send Letter of Support to Senate Banking Committee on ILLICIT CASH Act (S.2563)
A group of five leading international NGOs signed a letter endorsing the ILLICT CASH Act (S.2563) in a bid to end the abuse of anonymous companies in the American financial system.
District Attorneys Endorse ILLICIT CASH Act (S. 2563)
The National Districts Attorneys Association published a letter endorsing the ILLICIT CASH Act (S. 2563) to bring an end to the abuse of the American financial and business sectors by anonymous shell companies.