Can’t Stop, Won’t Stop: The FACT Coalition’s 2023 Year of Impact
FACT Executive Director Ian Gary reflects on the policy victories, new Coalition members, media hits, and emerging issues that defined FACT’s 2023, and turns an eye to the year ahead.
U.S. Beneficial Ownership Reporting Begins, Groundbreaking Anti-Bribery Bill Signed Into Law: Just the FACTs 1/8/24
Treasury begins accepting ownership information reports under the Corporate Transparency Act, the Foreign Extortion Prevention Act is signed into law, and the Biden Administration provides an update on long-awaited AML reforms for real estate and private investment markets.
FACT Welcomes Release of Final Access Rule to Implement the Corporate Transparency Act
FACT welcomes the release by Treasury of the final rule necessary to begin reporting under the landmark Corporate Transparency Act. The upcoming launch of Treasury’s beneficial ownership database on January 1, 2024 represents the largest U.S. anti-money laundering victory in decades.
Treasury Updates Timeline for Key Anti-Money Laundering Measures as Anti-Corruption Summit Begins
New regulations tackling money laundering in the titanic U.S. real estate and private investment sectors are now expected in early 2024, per a fact sheet released by Treasury on the first day of this week’s UN anti-corruption conference in Atlanta.
FACT Submits Comments to FATF Urging Stronger Beneficial Ownership Reporting Standards for Trusts
FACT recommends that the FATF employ stronger language to encourage countries to establish enhanced beneficial ownership reporting standards for trusts and other under-regulated entities.
FACT Submits Statement on Beneficial Ownership Transparency Ahead of UN Anti-Corruption Conference
Read FACT’s official comment urging global governments to strengthen existing systems and multilateral cooperation on beneficial ownership transparency ahead of the 10th Conference of State Parties to the UN Convention Against Corruption.