FACT submitted a statement for the record in the April 30 House Small Business Committee hearing, “Under the Microscope: Examining FinCEN’s Implementation of the Corporate Transparency Act.”
Read FACT government affairs director Erica Hanichak’s testimony before the Senate Drug Caucus, which highlights the importance of beneficial ownership transparency toward detecting and dismantling drug trafficking networks.
The Treasury has appealed a recent federal court ruling finding the landmark Corporate Transparency Act unconstitutional, as urged by FACT and other transparency advocates.
Treasury says it will continue ownership information reporting after legal setback in Alabama, and FACT provides comments on Australia’s revised public country-by-country reporting draft legislation.
El viernes 1 de marzo, un juez federal de distrito de Alabama emitió un fallo declarando la inconstitucionalidad de la Ley de Transparencia Corporativa (CTA, por sus siglas en inglés), ley emblemática contra el lavado de dinero en los Estados Unidos.
On March 1, a federal district judge in Alabama issued an opinion finding the landmark Corporate Transparency Act unconstitutional, potentially undermining a once-in-a-generation U.S. anti-money laundering and national security victory.
