Former Treasury Agent Urges Authorities to Target the Drivers of Human Trafficking, Drug Smuggling, and Corruption
Ending Anonymous Companies; Trade Transparency Units; Holding Gatekeepers Accountable Among Policy Recommendations
WASHINGTON, D.C. – Worldwide anti-money laundering efforts are currently just a decimal point away from total failure, according to a new report published Tuesday by the FACT Coalition.
The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to Reps. Lynch, Maloney, and King thanking them for their support regarding Aircraft Ownership Transparency Act of 2017 (H.R.3544) which aims to secure the U.S. aviation system from criminal actors and terrorists hiding behind anonymous shell companies. The full letter can be read below or downloaded here.
Transparency Measures Have Broad Support from Financial Institutions, Law Enforcement, and Anti-Corruption Advocates
WASHINGTON, D.C. – Bipartisan pieces of legislation introduced on June 28, 2017 aim to crack down on one of the prime enablers of criminal money laundering and terrorist financing — the abuse of anonymous shell companies.
