Incorporation Transparency

42 Attorneys General Urge Senate to Pass Law to Fight Shell Companies

Representing Attorneys General from 42 states, the National Association of Attorneys General (NAAG) wrote to Senate Banking Committee leadership supporting the beneficial ownership provisions in the ILLICIT CASH Act (S. 2563). Similar provisions are currently under consideration in the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049).

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Global Financial Integrity Sends Letter Supporting the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049)

Global Financial Integrity, a founding institutional member of the FACT Coalition, has sent a letter of support to Senate Leadership backing the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049) in its upcoming vote this week. Research from GFI has shown that anonymous companies are a critical component of facilitating transnational crime, including human, drugs, wildlife and arms trafficking and terrorist and rogue-state financing.

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