*Financial Accountability and Corporate Transparency (FACT) Coalition*
*EVENT INVITATION FOR:* May 17th, 2022
*Contact: *Christopher Boose, [email protected]
*11am-12pm EDT, Tuesday, May 17*

Join FACT for the Financial Secrecy Index Launch on May 17th



"REGISTER TO ATTEND [ [link removed] ]"


Join the Financial Accountability and Corporate Transparency (FACT) Coalition on May 17th for the U.S. launch of the Financial Secrecy Index, a flagship research initiative of the Tax Justice Network. The Financial Secrecy Index ranks [ [link removed] ] countries around the world based on "how intensely the country's financial and legal system allows individuals to hide and launder money extracted from around the world."

While the U.S. is joining with governments around the world to locate and freeze Russian oligarch assets, this task is made more difficult by existing systems of financial secrecy that allow people, including kleptocrats and criminals, to hide their financial assets from authorities and investigators. In its 2020 ranking, the U.S. was identified as the second most secretive jurisdiction in the world, demonstrating that "offshore" finance isn't so offshore, after all. The failure of the U.S. to measurably reduce its financial secrecy–or worse, to have increased it–would be entirely self-defeating in light of U.S.-led international efforts to sanction Russian oligarchs. It would also undermine democracy and the rule of law globally, as well as enable tax avoidance and evasion, robbing global governments of resources they need to fight inequality and address the climate crisis.

Come hear about the new U.S. ranking and what the U.S. needs to do to improve its score to help end the global scourge of dirty money. Representative Carolyn Maloney, a champion of the U.S. Corporate Transparency Act, will discuss what steps the U.S. Treasury needs to be taken to fully implement this landmark law and eliminate abuses enabled by anonymous shell companies. *Agenda and Speakers:*




* *Keynote Presentation: *Representative Carolyn Maloney, Chairwoman, House Committee on Oversight and Reform
* *Presentation of report findings:* Alex Cobham, executive director, Tax Justice Network
* *T**he U.S. financial transparency reform agenda**:* Lakshmi Kumar, Policy Director, Global Financial Integrity

"REGISTER TO ATTEND [ [link removed] ]"
______________________________

About the FACT Coalition

The Financial Accountability and Corporate Transparency (FACT) Coalition is a non-partisan alliance of more than 100 state, national, and international organizations working toward a fair and honest tax system that addresses the challenges of a global economy and promoting policies to combat the harmful impacts of corrupt financial practices.

For more information, visit www.thefactcoalition.org


Click here to unsubscribe [ [link removed] ]