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The FACT Coalition @factcoalition.bsky.social · 19h

Despite promising to address drug traffickers, Treasury is allowing China's money laundering networks to spread fentanyl in our communities. By gutting the Corporate Transparency Act, the US allows cartels to move their cash through our system with impunity.
thehill.com/opinion/inte...

It’s way past time to hit China’s money laundering banks

It’s time for Secretary Bessent to stop talking with China and start closing its dollar laundry.

thehill.com

The FACT Coalition @factcoalition.bsky.social · 7d

In the wake of catastrophic funding cuts, the IRS is bleeding personnel. Our tax laws are only as strong as our ability to enforce them, and without sufficient enforcement resources, corporate tax avoidance will only worsen.

news.bloombergtax.com/daily-tax-re...

IRS Attorney Exodus Gives Companies a Leg Up in Court Cases

The IRS and Justice Department are bleeding tax lawyers, suggesting it will take longer to resolve disputes in court and raising concern the government will recover less money from taxpayers than it s...

news.bloombergtax.com

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The FACT Coalition @factcoalition.bsky.social · 12d

Learn more about the impacts of illegal mining and what the US can do about it in our latest report: "Addressing Illegal Gold Mining in the Western Hemisphere: New Approaches for U.S. Policy".

thefactcoalition.org/report/illeg...

Addressing Illegal Gold Mining in the Western Hemisphere: New Approaches for U.S. Policy

Read FACT’s latest report drawing on examples from Latin American countries to make the case that the crisis of illegal gold mining has become too large for the United States to ignore.

thefactcoalition.org

The FACT Coalition @factcoalition.bsky.social · 12d

As the price of gold rises, so does the prevalance of harmful illegal mining. Mercury is a key metal used in the gold mining process, and has fueled the ongoing mining rush. To combat the resulting environmental damage, the US must take action.
www.washingtonpost.com/world/2025/0...

Illegal gold mining is fueling a 'mercury boom' in Mexico, poisoning people and the environment

The soaring price of gold is fueling a “mercury boom” in central Mexico

www.washingtonpost.com

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The FACT Coalition @factcoalition.bsky.social · 13d

Lawmakers slam Treasury's decision to postpone a vital rule that would add AML safeguards to the investment adviser industry: "The decision to delay compliance leaves [our] national security and economic stability vulnerable.” Read the full letter here:
www.banking.senate.gov/newsroom/min...

Warren, Kim, Waters Press Treasury Secretary on Delay and Potential Rollback of Anti-Money Laundering Rules for Multi-Trillion Dollar Investment Adviser Sector | United States Committee on Banking, Ho...

The Official website of The United States Committee on Banking, Housing, and Urban Affairs

www.banking.senate.gov

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Reposted by The FACT Coalition

Zorka Milin @zorkamilin.bsky.social · 14d

Since we're ending tax credits for clean energy projects involving Chinese & other prohibited foreign entities, why are we giving tax credits to Exxon for its joint projects with such entities?
@whitehouse.senate.gov @vanhollen.senate.gov @merkley.senate.gov www.whitehouse.senate.gov/news/release...

Whitehouse, Van Hollen, Merkley Probe ExxonMobil’s Guyana Offshore Oil Contract and the Company’s U.S. Tax Liability - Senator Sheldon Whitehouse

ExxonMobil may have used American taxpayer funds to subsidize its foreign oil production, which it does in partnership with a Chinese state-owned company Washington, DC – U.S. Senators Sheldon Whiteho...

www.whitehouse.senate.gov

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The FACT Coalition @factcoalition.bsky.social · 14d

Earlier this month, FinCEN announced that it will delete information collected under the Corporate Transparency Act. As FACT's @ianpgary.bsky.social told @icij.org, such destruction of data would be “doubling down on Treasury’s unlawful gutting of this statute.”
www.icij.org/news/2025/09...

FinCEN plans to delete data on U.S. companies from beneficial ownership database - ICIJ

Five years after ICIJ published the FinCEN Files, the Trump administration has walked back significant anti-money laundering rules.

www.icij.org

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The FACT Coalition @factcoalition.bsky.social · 15d

Good tax policy requires transparency. However, House appropriators are threatening to kill new rules requiring corporations to disclose more information to shareholders about the taxes they pay. From @howardgleckman.bsky.social for @taxpolicycenter.bsky.social:

taxpolicycenter.org/taxvox/congr...

Congress Moves To Allow Large Corporations To Continue To Hide Tax Payments

If enacted, the House Republicans’ appropriations measure would kill those rules, though its fate is uncertain.

taxpolicycenter.org

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The FACT Coalition @factcoalition.bsky.social · 16d

ICYMI: FACT calls for US action to target the proceeds illegal gold mining, members of Congress call attention to the rollback anti-money laundering regulations, and more in the latest edition of Just the FACTs.

thefactcoalition.org/fact-calls-f...

Just the FACTs 9/18/25

“Just the FACTs” is a round-up of news stories and information regarding efforts to combat corrupt financial practices, including offshore tax haven abuses, corporate secrecy, and money laundering thr...

thefactcoalition.org

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Reposted by The FACT Coalition

Zorka Milin @zorkamilin.bsky.social · 21d

US Chamber complains about tax transparency, which they frame as a trade barrier.

Facts: Aggressive tax planning is a material risk. Investors have been demanding improved tax transparency for years, and it's coming whether some in corporate America like it or not.
www.uschamber.com/taxes/u-s-ch...

U.S. Chamber, Others Raise Serious Concerns with Australia’s Public Country-by-Country Reporting Regime

On September 12, 2025, the U.S. Chamber of Commerce joined other national trade associations in calling on the Trump administration to help address the business community’s concerns with Australia’s r...

www.uschamber.com

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Reposted by The FACT Coalition

The FACT Coalition @factcoalition.bsky.social · 22d

Congressional appropriators are threatening to defund the nation's accounting standard-setter over new corporate tax reporting rules.

These new rules responded to investor demands for better disclosures - they shouldn't be in the political firing line.
itep.org/corporate-ta...

Corporate Tax Transparency’s Disappearing Act

What currently stands in the way of better corporate tax transparency.

itep.org

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The FACT Coalition @factcoalition.bsky.social · 22d

Congressional appropriators are threatening to defund the nation's accounting standard-setter over new corporate tax reporting rules.

These new rules responded to investor demands for better disclosures - they shouldn't be in the political firing line.
itep.org/corporate-ta...

Corporate Tax Transparency’s Disappearing Act

What currently stands in the way of better corporate tax transparency.

itep.org

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The FACT Coalition @factcoalition.bsky.social · 23d

ICYMI: Australia took another important step in the implementation of their world-leading public country-by-country tax reporting regime.

Read FACT's official comments submitted to the Australian tax office here:

thefactcoalition.org/wp-content/u...

thefactcoalition.org

The FACT Coalition @factcoalition.bsky.social · 29d

A new report from @oilchange.bsky.social estimates that the gov. hands a staggering $34.8B to the fossil fuel industry per year in subsidies, including $7+ billion per year in subsidies for O&G production abroad. These market-distorting subsidies should be repealed.
oilchange.org/publications...

Paying for Climate Chaos: U.S. Federal Subsidies for Fossil Fuel Production - Oil Change International

Paying for Climate Chaos" reveals the staggering scope of federal government subsidies for fossil fuel production. While working families struggle with the rising cost of housing, groceries…

oilchange.org

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The FACT Coalition @factcoalition.bsky.social · 29d

Country-by-country reporting of tax information has been a huge benefit for those with access to it, but Global South countries have faced significant obstacles.

Read FACT’s comments to the UN Tax Committee calling for increased global tax transparency:
thefactcoalition.org/fact-submits...

FACT Submits Comments Calling on UN Tax Committee to Prioritize Country-by-Country Reporting

FACT submits comments to the UN Tax Committee calling for the Committee to prioritize greater multinational tax transparency in the form of public country-by-country reporting.

thefactcoalition.org

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The FACT Coalition @factcoalition.bsky.social · Sep 4

Check out this great coverage from @reuters.com to learn more about the upcoming FATF evaluation of the US' AML framework: www.reuters.com/business/fin...

Financial crime watchdog calls for countries to come clean on shell companies

The head of the global financial crime watchdog has called on countries to come clean on the use of shell companies, calling them the "getaway car" for criminals, and said the problem would be a key part of a new round of national assessments.

www.reuters.com

The FACT Coalition @factcoalition.bsky.social · Sep 4

It's no surprise that the global financial crime watchdog, FATF, will be prioritizing benficial ownership registries in their next round of evaluations. Criminals rely on U.S. shell companies to hide their illicit profits. To avoid a negative evaluation, the US must improve.

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The FACT Coalition @factcoalition.bsky.social · Sep 3

The U.S. holds powerful policy tools to disrupt illicit gold networks. Learn more about what we can - and should - be doing, in FACT's new report, "Addressing Illegal Gold Mining in the Western Hemisphere: New Approaches for U.S. Policy".

thefactcoalition.org/report/illeg...

Addressing Illegal Gold Mining in the Western Hemisphere: New Approaches for U.S. Policy

Read FACT’s latest report drawing on examples from Latin American countries to make the case that the crisis of illegal gold mining has become too large for the United States to ignore.

thefactcoalition.org

The FACT Coalition @factcoalition.bsky.social · Sep 3

"The U.S. has become a hub for the proceeds of illegal gold mining, empowering criminal networks and authoritarian regimes in the process.” FACT's @jyansura.bsky.social told @miamiherald.com.

www.miamiherald.com/news/local/c...

3 family members accused of smuggling gold into Miami from Colombia

The three are accused of wiring about $24.6 million from the gold sales through Miami and Colombian bank accounts.

www.miamiherald.com

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Reposted by The FACT Coalition

Zorka Milin @zorkamilin.bsky.social · Aug 27

This is America Last in action:

letting big corporations shift their profits to tax havens to avoid US tax

Gabriel Zucman @gabrielzucman.bsky.social · Aug 27

New Bureau of Economic Analysis data:

In 2023 US multinationals booked 42% of their foreign profits in the main tax havens

After 2 years of unprecedented decline, profit shifting seems to be rising again

Back to the lung-run trend that started in 1978?

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The FACT Coalition @factcoalition.bsky.social · Aug 20

As both a major destination for laundered gold and a central node in global finance, the United States holds powerful tools to disrupt illicit gold networks in the Amazon. Read @jyansura.bsky.social and @isidorohazbun.bsky.social's new report to learn more.

thefactcoalition.org/report/illeg...

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The FACT Coalition @factcoalition.bsky.social · Aug 14

This afternoon, Julia Yansura will speak at the Universidad de los Andes for an event:"Amazon under threat: challenges and opportunities for regional governance", as a part of the Global Initiative against Transnational Organized Crime's Climate Dialogues series. The event will be livestreamed here:

Amazonía bajo amenaza: desafíos y oportunidades

YouTube video by Global Initiative Against Transnational Organized Crime

www.youtube.com

The FACT Coalition @factcoalition.bsky.social · Aug 12

This Thursday, FACT deputy director Erica Hanichak will speak at a panel as a part of the ACFCS' FinCrime Virtual Week. The event, titled "Night of the Living Loophole - Real Estate and FinCrime Risks" will cover financial loopholes in the real estate sector.

www.acfcs.org/fincrime-vir...

FinCrime Virtual Week 2025

www.acfcs.org

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The FACT Coalition @factcoalition.bsky.social · Aug 11

Read @icij.org's coverage of a new bill that would crack down on money laundering in the art market.

From the article: "The problem is compounded by the widespread use of shell companies and trusts to conceal the beneficial ownership of high-value assets."

www.icij.org/news/2025/08...

New US bill aims to clamp down on money laundering through art holdings - ICIJ

The proposed Art Market Integrity Act would subject art brokers to the same BSA reporting requirements as antiquities dealers, banks and other financial institutions.

www.icij.org

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The FACT Coalition @factcoalition.bsky.social · Aug 11

A new report from @banking.senate.gov confirms what FACT has been saying: We can't leverage sanctions without the ability to enforce them effectively. We need AML tools - like the Corporate Transparency Act - to follow the money and protect U.S. national security.

www.banking.senate.gov

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