AP News: Treasury moves forward with database on corporate ownership
Ian Gary, the executive director of the FACT Coalition, called the release of the new rule “a historic moment in the decades long fight to rid the U.S. of dirty money.”
The FACT Coalition Welcomes First Final Rule to Implement Landmark Corporate Transparency Act
Today, the Financial Accountability and Corporate Transparency (FACT) Coalition welcomes the Treasury Department’s release of the first final rule to implement the landmark Corporate Transparency Act (CTA), and urges the Treasury Department to accelerate the remaining rulemaking processes as necessary to fully implement this ground-breaking anti-money laundering reform.
SENATE BRIEFING – Ending the Era of the Enablers: How U.S. Professionals Fuel Global Crime and Empower Kleptocrats
Join FACT and the Hudson Institute for an in-person, Senate briefing on September 28th to learn about the scale of the problem posed by professional “enablers” and the future of this crucial reform agenda.
House Passes Bill to Boost Budget of Nation’s Financial Crime Fighters
Today, the House of Representatives passed a six-bill appropriations package (H.R. 8294) for fiscal year 2023 that includes $210.33 million for the Financial Crimes Enforcement Network (FinCEN).
Treasury Department Makes Urgent Plea for Funding for the Nation’s Financial Crime Fighters
Today, Deputy Treasury Secretary Wally Adeyemo testified before the Senate Appropriations Subcommittee on Financial Services and General Government (FSGG) to urge increased funding for the Financial Crimes Enforcement Network (FinCEN).
Congress Approves Overdue Funds to Boost U.S. Anti-Money Laundering Reforms in Ukraine Aid Package
The FACT Coalition applauds the inclusion of $52 million in emergency funds for the U.S. Treasury Department as part of the appropriations package passed today by the U.S. Senate. Today’s vote sends the larger $40 billion Ukraine aid package to the President’s desk to sign into law, and will assist Ukraine in the face of Russia’s illegal invasion.