More than 100 national security experts sent a letter to senate leadership urging members to end the incorporation of anonymous shell companies by passing the Anti-Money Laundering Act of 2020.
Gary Kalman, the executive director of the Financial Accountability and Corporate Transparency (FACT) Coalition, testified in front of the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Thursday, June 20, 2019 at a hearing regarding nongovernmental perspectives on the impact of collecting beneficial ownership information as part of legislation designed to protect the U.S. financial system.
Corporate Transparency Act of 2019 Moves Forward with Strong Bipartisan Support
WASHINGTON, D.C. — The House Committee on Financial Services voted 43-16 on Wednesday to advance a bipartisan measure to end the incorporation of anonymous companies that can be used for money laundering, terror financing, corruption and tax evasion.
On June 11th, the Credit Union National Association (CUNA) wrote a letter to Patrick McHenry and Maxine Waters of the House Financial Services Committee in order to express support for the Corporate Transparency Act.
On June 11, 2019, the National Association of Federally Insured Credit Unions sent a letter to the U.S. House of Representatives’ Committee on Financial Services. In this letter, the NAFCU urges members to support Rep. Maloney’s (D-NY) Corporate Transparency Act of 2019 as it went to markup in the committee.
A group of international nongovernmental organizations wrote to Ranking Member Patrick McHenry and Chairwoman Maxine Waters to declare their support for the Corporate Transparency Act.
