National Security | Page 3 | The FACT Coalition

FACT Sheet: Anonymous Companies and National Security (May 2019)

May 17, 2019

Anonymous companies facilitate everything from corruption and money laundering to transnational organized crime, sanctions evasion, and terrorism — all of which directly harm U.S. foreign policy interests. Such companies have been used to divert from their intended purposes U.S. security and overseas development funds into the hands of those who seek to do the United States harm, and they can help fund the very insurgents and terrorists U.S. troops are fighting.

Over 60 National Security Experts Urge House to End Anonymous Shell Companies

May 6, 2019

More than 60 national security experts sent a letter to the U.S. House of Representatives’ Committee on Financial Services, urging members to end the incorporation of anonymous shell companies.

How Rogue Nations & Sanctioned Groups Use Shell Companies

February 14, 2019

Testimony, reports, and independent assessments all find that anonymous companies are a threat to global peace and security and undermine our ability to keep dangerous actors from accessing our financial system.

36 Former Military and Civilian National Security Leaders Urge House of Representatives to End Anonymous Shell Companies

June 1, 2018

36 former military and civilian national security leaders sent a letter to the House of Representatives’ Committee on Financial Services, urging members to end anonymous shell companies.

36 Former Military and Civilian National Security Leaders Urge Senate to End Anonymous Shell Companies

June 1, 2018

36 former military and civilian national security leaders sent a letter to the Senate Committee on Banking, Housing, and Urban Affairs urging members to end anonymous shell companies.

Congress must step up sanctions law to stop American adversaries

May 30, 2018

Though it may seem fanciful, there is a powerful tool that is tailor made for simultaneously combating North Korean nukes, Russian aggression, Chinese influence, and Iranian maleficence. This tool is beneficial ownership. In practice, existing beneficial ownership rules in the United States require compliance departments to collect, verify, and store data on clients, all at a cost to the consumer.