Launch of U.S. Beneficial Ownership Registry Caps Year of Wins On Key FACT Priorities

Major wins on corporate transparency and anti-money laundering policy, the dawning of a new era of multinational tax transparency, and expanding recognition of the role of U.S. financial secrecy in enabling environmental crimes all helped to define a landmark year of impact for the FACT Coalition and our allies.

Read Our 2023 Roundup

FACT Submits Comments on Australia’s Revised Public Country by Country Reporting Draft Legislation

While Australia’s revised public country-by-country reporting draft legislation walks back the original measure’s ambitious scope, it still represents a meaningful step forward for multinational tax transparency.

Comment Letters

Full Report: “Dirty Money and the Destruction of the Amazon: Uncovering the U.S. Role in Illicit Financial Flows from Environmental Crimes”

Click here to read the FACT Coalition’s latest report analyzing the ways in which U.S. financial secrecy helps abet and reward environmental criminals in the Amazon region.

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Treasury Appeals Erroneous Federal Court Ruling as Ownership Database Hits One Million Filings: Just the FACTs 3/28/24

March 28, 2024 | Newsletter

The Treasury has appealed a recent federal court ruling finding the landmark Corporate Transparency Act unconstitutional, as urged by FACT and other transparency advocates.

Corporate Transparency Act Ruling Misses Mark on Congress’ Power

March 20, 2024 | Press Coverage

In an op-ed for Bloomberg Law, FACT Policy Director Zorka Milin writes that the recent Alabama court ruling on the Corporate Transparency Act both misinterprets the law, and hobbles critical anti-money laundering efforts.

President’s Budget Boosts Funds for Nation’s Financial Crime Fighters

March 11, 2024 | Press Releases & Statements

Congress must move quickly to increase support for the Financial Crimes Enforcement Network, the bureau of Treasury responsible for implementing some of the most significant updates to U.S. anti-money laundering laws in decades.

Treasury Department Continues to Collect Ownership Information Following Court Ruling: Just the FACTs 3/7/24

March 7, 2024 | Newsletter

Treasury says it will continue ownership information reporting after legal setback in Alabama, and FACT provides comments on Australia’s revised public country-by-country reporting draft legislation.