Press Coverage

WSJ: Senate Weighs Expansion of Money-Laundering Rules

FACT Government Affairs Director Erica Hanichak is mentioned in WSJ:

A leaked Federal Bureau of Investigation memo said that a New York private-equity firm, which the memo didn’t name, in 2017 allegedly received more than $100 million in wire transfers from a Russian company linked to organized crime. This year, after the U.S. and Europe placed sanctions on Russia, private-equity firms faced complications in cutting affected investors out of their funds.

Such examples have given momentum to the effort to apply tighter anti-money-laundering rules to private-equity firms, said Erica Hanichak, government affairs director at the FACT Coalition, a nongovernmental organization that opposes tax abuse and corruption.

The full, original article is accessible on WSJ’s website here.