U.S. Freeze of Russian Oligarch Assets Welcomed by FACT Coalition
The FACT Coalition welcomed the White House announcement of a “multilateral Transatlantic task force” to identify and freeze the assets of sanctioned Russian companies and oligarchs.
Corporate Transparency Act’s Draft Rule Applauded by FACT Coalition
The Financial Accountability and Corporate Transparency (FACT) Coalition submitted detailed comments yesterday in response to the Treasury Department’s call for public input on a draft rule to implement the Corporate Transparency Act (CTA)
2022 Is Shaping Up to be an Historic Year in the U.S. Fight Against Financial Crimes and Global Corruption
This year promises to be one of the most important in recent history in America’s fight against illicit financial flows, global corruption, and kleptocracy.
FACT Coalition Welcomes Treasury Move to Implement Corporate Transparency Act
“The FACT Coalition warmly welcomes this proposed rule, and we are glad to see Treasury’s FinCEN implementing the plain language of this landmark beneficial ownership disclosure law,” said Ian Gary, Executive Director of the FACT Coalition. “These rules, along with the earlier releases this week of the White House’s Strategy on Countering Corruption and the notice of proposed rulemaking from FinCEN aimed at tackling systemic money laundering vulnerabilities in the U.S. real estate sector are a clear demonstration of an emerging American commitment to tackling global corruption, which corrodes democratic governance both at home and abroad.”
FACT Coalition Applauds First Ever U.S. “Strategy on Countering Corruption”
The Financial Accountability and Corporate Transparency (FACT) Coalition today warmly welcomed the Biden Administration’s publication of a first-ever U.S. national strategy to combat corruption.
Shining a Light on $5 Trillion in Tax Avoidance in Wake of Global Tax Deal
Recent progress achieved through creating a global minimum corporate tax must be complemented by greater tax transparency and enforcement. As the saying goes, “sunlight is the best disinfectant.”