Corruption | Page 3 | The FACT Coalition

Senators Introduce Bipartisan Bill as Leak of Odebrecht’s “Bribery Division” Underscores Need to End Anonymous Companies

June 26, 2019

Wyden, Rubio, and Whitehouse’s “Corporate Transparency Act” — Companion to Maloney and King’s H.R.2513 — Would End Incorporation of Anonymous Companies in the U.S.
WASHINGTON, D.C. — Bipartisan momentum to end the incorporation of anonymous companies in the United States escalated on Wednesday following the publication of an international exposé on the scandal-plagued Odebrecht’s “Bribery Division,” as Senators Ron Wyden (D-OR), Marco Rubio (R-FL), and Sheldon Whitehouse (D-RI) introduced legislation that would require companies to disclose their true owner(s) when they incorporate and keep their ownership information up to-do-date.

Video: FACT’s Executive Director Speaks on Anti-Kleptocracy Panel at the Harriman Institute

May 1, 2019

On Tuesday April 2, FACT’s Executive Director joined a panel discussion hosted by the Harriman Institute at Columbia University. The panel discussed the expansion of anti-corruption enforcement in the U.S., as well as the challenges of researching oligarchs and recent developments in anti-corruption work.

Thanks, Paul Manafort — for showing that the U.S. needs to crack down on dirty money

August 22, 2018

Over the past two weeks, Americans have been treated to one of the most astonishing tales of grand corruption in our republic’s history. The trial of Paul Manafort – former Trump campaign chairman and lobbyist for some of the sleaziest regimes of the past quarter-century – has given us a remarkable look at the tools, the tactics and the trade craft of kleptocratic overseas regimes, and how their Western enablers have abetted America’s transformation into a thriving offshore haven.
The trial, of course, is about much more than Manafort. As the Atlantic’s Franklin Foer has written, the proceedings against the ex-lobbyist, who made tens of millions from his consulting work for then-Ukrainian President Viktor Yanukovych, have offered “an occasion for the United States to awaken from its collective slumber about the creeping dangers of kleptocracy.”

Are we getting the message?

Bipartisan Bill Targets Foreign Government Corruption

February 28, 2018

The Kleptocracy Asset Recovery Rewards Act Would Establish a Rewards Program for Whistleblowers
WASHINGTON, D.C. – A bipartisan group of lawmakers introduced legislation Tuesday afternoon to combat terror finance and foreign government corruption in a move that was welcomed by the Financial Accountability and Corporate Transparency (FACT) Coalition.

House Committee Votes to Repeal Anti-Corruption Safeguard

December 13, 2017

Rolling Back Extractives Transparency Measure Will Hamper U.S. National Security
WASHINGTON, D.C. – The U.S. House Financial Services Committee voted 33-27 Wednesday to repeal a bipartisan anti-corruption safeguard — Section 1504 of the Wall Street Reform and Consumer Protection Act of 2010 — in a move that was criticized by the Financial Accountability and Corporate Transparency (FACT) Coalition.

Letter to Reps. Hensarling and Waters Opposing H.R.4519

December 11, 2017

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to House Financial Services Committee Chairman Jeb Hensarling and Ranking Member Maxine Waters in opposition to H.R.4519, which would repeal the bipartisan Cardin-Lugar anti-corruption provision (Section 1504) of the Wall Street Reform and Consumer Protection Act of 2010.