FCG News
Updates about FCG and its projects

FinCEN’s Beneficial Ownership Proposal: Invitation to Evasion
According to a 2019 report by Global Financial Integrity, many states required more information to obtain a library card than to register a company that can be used for laundering money.

EVENT: Panel Discussion – Advancing the Fight for Gender Justice through Tax Justice: Perspectives from Africa and the U.S.
March 10 – 12 p.m. to 1:30 p.m. ET (Washington) Co-hosted by the FACT Coalition, GATJ, and the Nawi Collective RSVP HERE Moderator: Ian Gary,

USING DATA TO DISMANTLE CORPORATE IMPUNITY FOR CLIMATE CRIMES AND HUMAN RIGHTS ABUSES
By Sophia Cole, from Anti-Corruption Data Collective At the heart of the climate crisis lies the power of the fossil fuel industry, and the international

Submissions Are Open for the 2023 CCNow Journalism Awards
From Covering Climate Now We’ve expanded our awards by adding new categories. We look forward to your stories — by March 15! We’re excited to

The U.S. Must End Its Complicity in Illicit Financial Flows Out of Africa
Every year, nearly $90 billion of African resources are lost to the Global North in Illicit Financial Flows, or IFFs.

Capitol Hill Chaos and the Climate Story
Squabbling Republicans want to rollback Biden’s agenda, but what’s their plan to defuse the climate crisis?

Congress Needs to Work Together to Box in Corrupt Foreign Governments | Newsweek Opinion
SCOTT GREYTAK , DIRECTOR OF ADVOCACY, TRANSPARENCY INTERNATIONAL U.S.ON 8/26/22 AT 8:00 AM EDT Originally published on Newsweek Given the heightened tensions this past month in Congress,

House Passes Bipartisan Bill to Crack Down on American Enablers of Global Corruption
A statement from Transparency International U.S. July 14, 2022

Convening Report – Illicit Finance and Environmental Crimes: Identifying Shared Priorities
By Chris Boose On June 28th and 29th, the FACT Coalition convened anti-money laundering, illicit finance, environment, and climate policymakers, thought leaders, and activists to discuss

Investors Blind to Geopolitical, Tax Risk Without Public Reporting of Key Financial Data, Report Finds
FACT Coalition Report Calls on Securities and Exchange Commission to Increase Financial Reporting to Protect Investor Interests WASHINGTON, DC – Investors are exposed to material tax

Fund for Constitutional Government Appoints New Executive Director
– The Board of Directors of the Fund for Constitutional Government (FCG) today announced the appointment of Ian Gary as its new executive director. Gary takes over from Conrad Martin who has served the organization for 38 years.

June 22 Book Launch: “Butler(s) to the World” – Ending Dirty Money in the UK and US
On the occasion of the U.S. publication of investigative journalist Oliver Bullough’s latest book, Butler to the World: How Britain Helps the World’s Worst People Launder Money, Commit Crimes, and Get Away with Anything, join the Financial Accountability and Corporate Transparency (FACT) Coalition, legislators from the U.S. and U.K., and advocates to discuss the problems caused by dirty money in the U.K. and U.S. and how to foster transatlantic competition to crack down on dirty money in both jurisdictions.

The impact of beneficial ownership transparency on illicit purchases of US property
High value real estate is a popular destination for corrupt and criminal foreign assets, in part due to limited oversight and lack of transparency in real estate transactions. In response to these concerns, the US Treasury began implementing a series of Geographic Targeting Orders (GTOs) in 2016, forcing corporate buyers making all-cash purchases in targeted counties to report the company’s ultimate owner. To estimate the causal effect of GTOs on these types of transactions, we combine data on millions of real estate transactions over the period 2014-2019 with a staggered difference-in-differences design.

Introducing Our New ‘Food & Water’ Climate Reporting Guide
As we discussed in last week’s ‘Climate Beat’ newsletter, CCNow’s next joint coverage week will focus on the climate connections with food and water. The week kicks off Monday, June 27, with a topic that’s sure to engage audiences; after all, we all need to eat and drink.

Largest Global Anti-Corruption Conference to be Held in Washington, D.C. in 2022
The 20th International Anti-Corruption Conference (IACC) will be held this year in Washington, D.C., from December 6th through 10th. The theme will be “Uprooting Corruption, Defending Democratic Values.” As recently as 2020, the 19th IACC brought together more than 10,000 activists, experts, and public and private sector officials from 180 countries.