Money Laundering

Eight Key Senators Introduce Bipartisan Bill to Combat Anonymous Companies

ILLICIT CASH Act Opens Viable Pathway to Senate Passage
Statement by Gary Kalman, Executive Director of the FACT Coalition
WASHINGTON, D.C. — A bipartisan group of eight U.S. senators on a key Senate committee introduced legislation Thursday to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S.

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CUNA Letter on the Corporate Transparency Act

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.

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Delaware Endorses Bill to Tackle Anonymous Companies

Move Comes as Lawmakers Consider Dropping Important Anti-Money Laundering Section from Legislation
WASHINGTON, D.C. — Delaware’s top government official overseeing company formation in the state endorsed a bipartisan federal proposal to require companies to disclose their true owners at the time of formation in new a new letter to Congress.

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