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. Anti-money laundering and human rights advocate, salsa enthusiast, STL native. Retweets ≠ endorsements.

Washington, DCJoined September 2014

1,631 Following

734 Followers

Erica Hanichak’s Tweets

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Erica Hanichak

@EHanichak

Dec 6, 2021

1 / NEW: Today's National Security Study Memorandum sets sights on tackling some of the biggest gaps in U.S. anti-money laundering law, which will help mitigate the U.S. role in fueling corruption. The ambition here is huge and necessary. whitehouse.gov/wp-content/upl

Jan 25

Today's alert by FinCEN on money laundering risks through U.S. commercial real estate reinforces the need for updated regulations to modernize 🇺🇸's AML framework. Per the Treasury, a draft rule targeting real estate money laundering is expected in April. fincen.gov/news/news-rele

Whether the US or the UK, the world’s largest economies are not funding the fight against economic crime. Financial Intelligence Units, like US’ FINCEN, need resources to to hire staff, update technology, and develop policies to stop financial criminals in their tracks.

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APPG Banking

@APPGbanking

Jan 25

As our Co-Chair Simon Fell MP says here, when it comes to tackling economic crime we simply have to go beyond just 'good'. Those who seek to exploit our corporate structures are better than good. They are experts because it's a profitable endeavour for them.

2:08

1K views

Per

, tech is crucial for ensuring AML data actually gets used. Eg. Beneficial ownership registries (incl. forthcoming in US) need to be accessible for 🌎 authorities to combat 🌎 ML crimes— needs cross-compatibility. FIUs (eg. US FinCEN) & MLAT sharing also need 💰

Per

of FACT member

, we need 1) new laws (#ENABLERSAct), 2) new rules (eg. AML for real estate & private investment), & 3) 💰💰 for FinCEN. Once more staff is hired, tech is improved, then we can better ID how to go after kleptos & enforce the law.

heralds important progress to stop kleptocrats by passing the #CorporateTransparencyAct (🔍 into anonymous shell companies), FinCEN’s forthcoming rule on 🏡 money laundering, and ⬆️ in FinCEN funds. Still, more to do 🛑 them in their tracks.

gfintegrity.org/report/acres-o

NEW:

plans to release a proposed rule to tackle money laundering in 🇺🇸 real estate this APRIL. Read more about this multi-billion 💰 problem in Acres of Money Laundering, a report by our member

@IllicitFlows

Transparency International U.S.

@transparencyUSA

🔴 The FY23 omnibus announced today by Congress includes $190.2 million for the U.S.'s financial crimes watchdog, FinCEN—an 18% increase from FY22's appropriation. us.transparency.org/news/important

FinCEN's budget boost in the #FY23omnibus is also a win for House members like

@RepSpanberger

and 27 bipartisan colleagues who called for increased funds earlier this year. Time our nation's financial crime fighters to have the resources they need.

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Rep. Abigail Spanberger

@RepSpanberger

Apr 28, 2022

The @USTreasury’s Financial Crimes Enforcement Network plays a critical role in preventing Russian oligarchs, hackers, and criminals from laundering money in the United States. That's why I led a letter with 27 Democrats and Republicans urging increased investment in FinCEN.

FinCEN funds are 🔑 to turning off the spigot of dirty funds flowing into the US. We're grateful for champions like

@SenWhitehouse

and

@ChuckGrassley

, who previously led 23 bipartisan senators in calling for ⏫ FinCEN funds to protect US nat'l security.

Bipartisan Group of 23 Senators Calls to Augment Budget of U.S. Financial Crime Fighters

Sens. Whitehouse (D-RI) and Grassley (R-IA), led a letter signed by 23 bipartisan senators urging increased funding for the Financial Crimes Enforcement Network (FinCEN).

Appropriators ⏫⏫ FinCEN's budget to $190.2 million in the FY23 #Omnibus. Per FACT's

@EHanichak

, "Congress is finally reinvesting in our nation’s financial defenses to deny criminal and kleptocratic funds safe haven in the United States." MORE🔽

Congress Provides Needed Boost to Budget of Nation’s Financial Crime Fighters in New Omnibus...

Congress unveiled its omnibus spending bill to fund the federal government for fiscal year 2023, which includes $190.2 million for the Financial Crimes Enforcement Network (FinCEN).

How Committed Is US to Africa? $55B Worth, White House Says

Ian Gary

@Ianpgary

Dec 14, 2022

While 🇺🇸 official aid to Africa has averaged $6.5-$7.5 billion in the last few years, illicit financial flows out of the continent are estimated at $88 billion. I told

@VOANews

that the U.S. needs to curb financial secrecy which enables these flows.

voanews.com

US to pledge $55B to African nations at summit, but experts say more is lost annually to illicit flows out of continent

🚨NEW🚨:

releases Second Draft Rule for the Corporate Transparency Act. Another big step towards fully implementing the CTA, and finally getting dirty money out of the U.S. financial system. Read FinCEN's fact sheet on the proposed rule here: fincen.gov/nprm-fact-sheet

Analysis | This Is No Time for Backsliding on Dark Money

Dec 12, 2022

Amidst the global trend towards greater financial transparency, disappointing to see the EU backslide on public beneficial ownership registers. Beneficial ownership data helps law enforcement, journalists, civil society, + others hold crooks to account.

washingtonpost.com

An EU privacy ruling gives financial criminals a way to stay in the shadows

US: Experts Urge ENABLERS Act Passage Despite Senate Setback

FACT's

for

: "If the Administration is serious about its endorsement of the ENABLERS Act, it will work with congressional leaders to pass this bill before the end of the year," and stop the flow of dirty $ into the U.S. financial system.

occrp.org

Despite its setback Wednesday in the U.S. Senate, a proposed law called the ENABLERS Act still holds considerable support from experts in the national security and foreign policy communities as a...

Dec 9, 2022

Amidst the ongoing #IACC2022, the FACT Coalition is grateful for the opportunity to have addressed the SEC during yesterday's Investor Advisory Committee meeting. The SEC should move to mandate greater tax transparency from U.S.-listed multinationals.

SEC Should Require Increased Tax Transparency for Large Multinationals, FACT Tells Investor...

The FACT Coalition’s Policy Director, Ryan Gurule, addressed the Securities and Exchange Commission’s Investor Advisory Committee today as part of a panel on emerging investor expectations regarding...

NEW:

chair

says he was "glad to see" the Investor Advisory Committee host a panel yesterday on public company tax disclosure. "Disaggregated tax reporting from international companies could benefit investors." #taxtwitter sec.gov/news/speech/ge

CICTAR and 6 others

Ian Gary

@Ianpgary

It's important that 🇺🇸

@USTreasury

makes it as easy as possible for foreign law enforcement agencies to access our new beneficial ownership registry. Once the proposed rule on access is out, governments and civil society groups around the world should weigh in! #IACC2022

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At @USTreasury panel on beneficial ownership transparency @IACCseries, FinCEN spox Michael Dobson says “keep your eyes peeled” for a second #CorporateTransparencyAct rule on BOSS database access by the end of the year. #IACC2022

Show this thread

panel on beneficial ownership transparency

@IACCseries

, FinCEN spox Michael Dobson says “keep your eyes peeled” for a second #CorporateTransparencyAct rule on BOSS database access by the end of the year. #IACC2022

@IACCSeries

Caucus against Foreign Corruption and Kleptocracy

@KleptoCaucus

Americans shouldn’t be helping Fentanyl traffickers, CCP officials, Putin’s cronies, or criminals hide their money. It’s that simple. And it’s an urgent national security threat. That’s why #EnablersAct belongs in the #omnibus. #IACC2022

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Nate Sibley

@NateSibley

A shame that the Enablers Act, a critical piece of anti-fentanyl, pro-national security legislation, was excluded from the Senate NDAA. But there remains overwhelming bipartisan support for this measure, with endorsements stretching from Biden to Pompeo. nationalreview.com/corner/pat-too

Nate Sibley

@NateSibley

Pat Toomey Blocks Landmark Bill Targeting Chinese Money-Laundering

Blocking legislation that would dent the profit incentives of Chinese money launderers and Latin American cartels pushing fentanyl onto US streets. …Is not the look I thought Republicans were going for. ⁦

@LeaderMcConnell

⁩ can still make this right.

nationalreview.com

Toomey’s team on the banking committee, one senior GOP aide told NR, is ‘the last bastion for weak China policy on the Hill.’

NOW: 📺

Investor Advisory Committee hosts panel discussion on the need for increased corporate tax disclosures.

@RyanGurule_FACT

participating along with investors demanding tax transparency. WATCH - sec.gov/news/upcoming-

Erica Hanichak

@EHanichak

At today's #SEC Investor Advisory Committee, James Andrus of institutional investor

@CalPERS

kicks off a discussion with

, & others on why public country by country reporting of tax info is material to investors.

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HAPPENING NOW

: FACT Policy Director @RyanGurule_FACT joins allies and experts to make the case for public country-by-country reporting of tax data by big multinationals during today's @SECGov Investor Advisory Committee meeting. Watch live here

sec.gov/news/upcoming-

⏰HAPPENING NOW📺: FACT Policy Director

@RyanGurule_FACT

joins allies and experts to make the case for public country-by-country reporting of tax data by big multinationals during today's

@SECGov

Investor Advisory Committee meeting. Watch live here 👇 sec.gov/news/upcoming-

In frank

remarks,

— in light of

endorsement of #ENABLERSAct yesterday — calls on the Admin & congressional leadership to align stated priorities with actions to pass the Act. Disconnect that a 🔑 natsec priority not be included in #FY2023 #NDAA

How do you take on kleptocrats? FACT member

@TheSentry_Org

(Justyna Gudzowska) explains its going after their funds — via the #ENABLERSAct and other key legislation, like the Foreign Extortion Prevention Act (FEPA) to deny them the means to bribe, swindle, and steal. #IACC2022

@IACCSeries

Stolen Asset Recovery Initiative @World Bank/UNODC

@returningassets

Disclosure of beneficial ownership legislation not only on

@returningassets

radar. National Security Adviser to President Biden talks about enhancing transparency and fighting corruption through the Enablers Act #IACC2022

@wbg_gov

@IACCseries

@UNODC_AC

The White House joins the ranks of more than a hundred national security, law enforcement, environmental, good governance, anti-corruption, and labor groups and individuals that have backed the #ENABLERS Act. It's time for Congress to get this done.

White House Announces “Full Support” for Critical Bipartisan Anti-Money Laundering Reform Bill at...

The FACT Coalition applauds today’s announcement by Jake Sullivan, National Security Advisor to the President, of the Biden Administration’s “full support” for the ENABLERS Act. The ENABLERS Act...

Great to hear

recognize the importance of tackling anonymous companies, look ahead at tackling money laundering through real estate, & promote transparency/accountability of professional services through the proposed Enablers act. #IACC2022

Transparency International U.S.

@transparencyUSA

The Biden Administration endorses the ENABLERS Act, announced by National Security Advisor Jake Sullivan during the opening session of the #IACC2022. U.S. professional service providers shouldn’t be able to help criminals and kleptocrats launder their money in 🇺🇸.

@anticorruption

156

at International Anti-Corruption Conference says Biden admin supports ENABLERS Act- which would req accountants, lawyers and others to conduct due diligence checks on their clients' $$ "We encourage Congress to enact it into law as soon as possible," he said.

is right—this has to be a liminal moment for the fight against corruption: we have bipartisan legislation, the White House sees this as a top priority, we have an immense coalition of support. We can and must pass the ENABLERS Act now. #IACC2022

Ian Gary

@Ianpgary

Great #IACC2022 panel highlights weaknesses in 🇺🇸 real estate anti-money laundering regime. Texas case shows weakness of geographic targeting order approach and need to cover COMMERCIAL real estate in new AML real estate regime.

Zoe Reiter and 3 others

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Jason Buch

@jlbuch