U.S. Ranked Most Secretive Financial Jurisdiction in the World
Today, the United States was ranked the most secretive financial jurisdiction in the world, according to the 2022 Financial Secrecy Index (FSI).
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.
Combating Corruption to Drive Democratic Renewal: A Kickoff Event for the Summit for Democracy
On December 6, the Brookings Institution, the German Marshall Fund of the United States, the Center for European Policy Analysis, the Transatlantic Democracy Working Group, the FACT Coalition, and the Leveraging Transparency to Reduce Corruption initiative will co-host a seminar on the fight against corruption and its relationship to advancing democracy and addressing democratic backsliding globally.
FACT Joins 31 Civil Society Organizations and Experts to Send Letter to the Senate in Support of Six Bipartisan Anticorruption Measures
FACT Joins 31 Civil Society Organizations and Experts to Send a Letter to the Senate Armed Services Committee in Support of Six Bipartisan Anticorruption Measures
Teeing Up Final Senate Vote, House Passes Historic Bill to End Anonymous Companies by Veto-Proof Margin
By a veto-proof margin, the House of Representatives passed legislation ending anonymous companies on the eve of International Anti-Corruption Day, teeing up final Senate passage.