WASHINGTON, DC, October 3, 2022 – The Financial Accountability and Corporate Transparency (FACT) Coalition today commended the introduction by Senators Whitehouse (D-RI) and Wicker (R-MS) of the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act as an amendment to the Senate National Defense Authorization Act (NDAA). The ENABLERS Act would authorize […]
Financial Accountability and Corporate Transparency (FACT) Coalition
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House Passes Bill to Boost Budget of Nation’s Financial Crime Fighters
Washington D.C. July 20, 2022 -Today, the House of Representatives passed a six-bill appropriations package (H.R. 8294) for fiscal year 2023 that includes $210.33 million for the Financial Crimes Enforcement Network (FinCEN). FinCEN is the bureau of the Treasury Department responsible for implementing the Corporate Transparency Act to end the abuse of anonymous U.S. shell […]
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Massive “Pandora Papers” Financial Secrecy Leaks Highlight Need for U.S. Reforms
WASHINGTON, DC, October 5, 2021 – The International Consortium of Investigative Journalists, along with major news outlets such as the Washington Post, yesterday, began to release revelatory findings confirming the use of a secretive “offshore” financial system that allows criminals, world leaders, and others to hide billions of dollars from authorities, fueling tax dodging and […]
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FACT Coalition Offers Blueprint to Biden Administration to Implement Landmark Anti-Money Laundering Reform
WASHINGTON, DC, May 5, 2021 – The FACT Coalition offered a blueprint to the Biden Administration on how the Treasury Department should draft the rule for a landmark anti-corruption and anti-money laundering law, the Corporate Transparency Act, enacted by Congress in January. The blueprint was submitted today in response to a request for public input […]
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FACT Remarks at Press Conference with Rep. Maloney Celebrating Expected Passage of Corporate Transparency Act
December 8, 2020 – Clark Gascoigne, senior policy advisor at the Financial Accountability and Corporate Transparency (FACT) Coalition, joined Congresswoman Carolyn B. Maloney (D-NY), author of the Corporate Transparency Act, at a press conference on Monday, December 7, 2020, to applaud the bill’s inclusion in the National Defense Authorization Act for Fiscal Year 2021, a […]