Reported by the FACT Coalition The Financial Accountability and Corporate Transparency (FACT) Coalition applauds today’s announcement by Jake Sullivan, National Security Advisor to the President, of the Biden Administration’s “full support” for the Establishing New Authorities for Business Laundering and Enabling Risks to Security (ENABLERS) Act. The ENABLERS Act would close dangerous loopholes in the U.S. anti-money […]

Reported by: Samantha-Jo Roth, Congressional Reporter A bipartisan group of senators is working to attach major marijuanalegislation to “must-pass” year-end defense legislation expected on the floor later this week.  Senate Majority Leader Chuck Schumer (D-NY) and Sen. Jeff Merkley (D-OR) have been working with Republican Sens. Steve Daines (R-MT), Rand Paul (R-KY), and Dan Sullivan (R-AK) to […]

Reported by: David Gauthier-Villars French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Lebanon’s central bank under formal investigation as part of a cross-border probe into alleged fraud to the detriment of the Lebanese state. Anna Kosakova, with whom central bank governor Riad Salameh has a daughter, according […]

Reported by: JUSTYNA GUDZOWSKA and JONATHAN M. WINER International standards have evolved to include legal professionals among those required to help prevent and report cases of money laundering. But loopholes in US anti-money laundering laws continue to exempt many gatekeepers in the financial system. This includes certain lawyers and accountants, as well as company agents […]