An investigation examining hundreds of leaked IRS forms offers a glimpse into the often-hidden challenges the U.S. tax agency faces in tackling the favorite new global investment vehicles of the ultrawealthy. That review and interviews with more than a dozen former tax officials show an agency struggling with not only a shortage...
The rollout of a landmark company ownership registry officially launched by the United States Treasury Department on Jan. 1 and aimed at fighting dirty money flows in the U.S. has been met with political attacks and the spread of misinformation, amid ongoing tensions around the transparency tool....
The report by the Financial Accountability and Corporate Transparency (FACT) Coalition, published on Oct. 26, said that “critical gaps” in the U.S. anti-money laundering system are vulnerable to exploitation by criminal groups, including those behind the destruction of the Amazon, the world’s largest tropical rainforest....
