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Congress set to disclose hidden corporate owners

Clark Gascoigne’s entire career has been about ending anonymous shell companies. Starting at Global Financial Integrity in 2009 and then at the Financial Accountability and Corporate Transparency Coalition, Gascoigne has been on a mission to inject transparency into the ocean of anonymously owned corporate entities that can hide all manner of financial malfeasance. He and other advocates moved closer to success on Dec. 8, when the House passed the National Defense Authorization Act, with provisions that would establish a beneficial corporate ownership reporting regime and change other anti-money laundering laws. The Senate followed suit last Friday, marking significant legislative steps to make life harder for tax evaders, traffickers and counterfeiters.

After 12 years of work, Congress is set to disclose hidden corporate owners

Clark Gascoigne’s entire career has been about ending anonymous shell companies. Starting at Global Financial Integrity in 2009 and then at the Financial Accountability and Corporate Transparency Coalition, Gascoigne has been on a mission to inject transparency into the ocean of anonymously owned corporate entities that can hide all manner of financial malfeasance. He and other advocates moved closer to success on Dec. 8, when the House passed the National Defense Authorization Act, with provisions that would establish a beneficial corporate ownership reporting regime and change other anti-money laundering laws. The Senate followed suit last Friday, marking significant legislative steps to make life harder for tax evaders, traffickers and counterfeiters.

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