The Justice Department requests stay of final injunction barring CTA enforcement, No Tax Breaks For Outsourcing Act reintroduced, and new executive order pauses enforcement of cornerstone anti-bribery law.
FACT applauds the U.S. Supreme Court’s decision to stay a nationwide injunction against the landmark Corporate Transparency Act, clearing a major hurdle to enforcement of the most consequential anti-money laundering law in a generation.
A nationwide preliminary injunction preventing Treasury from enforcing the Corporate Transparency Act “is a Christmas gift to criminals who use anonymous shell companies to traffic fentanyl, exploit people, and hide dirty money.”
In this month’s news roundup, Treasury releases reporting form advancing landmark anti-money laundering regulations for U.S. residential real estate markets, FACT now hiring, and other highlights from FACT’s publications and our allies.
In his debut blog, FACT policy fellow Omer Niazi argues for the necessity of comprehensive anti-money laundering safeguards for cryptocurrency markets, with associated risks only growing as anonymous transactions on decentralized finance platforms become more commonplace.
While major progress has been made in 2024 on key anti-money laundering priorities, more work is needed to counter corruption and ensure government integrity and accountability to the public.
