On December 16, the U.S. Court of Appeals for the 11th Circuit upheld the constitutionality of the Corporate Transparency Act, the most significant new federal anti-money laundering law in a generation.
Read FACT’s official statement for the record on a House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions hearing on”Evaluating the Financial Crimes Enforcement Network.”
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.
Lawmakers, small business groups, national security experts, and law enforcement organizations speak out against Treasury’s gutting of the Corporate Transparency Act, and Senate tax negotiations could decide the fate of tax loopholes for U.S. multinational companies.
FACT urges Treasury to heed the calls of law enforcement, national security, and other experts by fully implementing the Corporate Transparency Act in accordance with congressional intent and the plain language of the law.
FACT hosts environmental crime journalists, public comments on Treasury’s gutting of the Corporate Transparency Act are due May 27, and House lawmakers pass massive tax and spending cuts package.
