Government Affairs for @FACTCoalition. Anti-money laundering and human rights advocate, salsa enthusiast, STL native. Retweets ≠ endorsements.
Washington, DC
Joined September 2014
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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/up…
Erica Hanichak retweeted
The current corporate tax code that encourages offshore tax avoidance isn't "America-first," it's "Corporations-first, Americans-last"
FACT policy director @ZorkaMilin speaking now at @USProgressives's shadow hearing on tax policy reforms to end corporate greed.
Erica Hanichak retweeted
Gold has always been highly valued—but it’s increasingly attractive to modern international money launderers and sanctions evaders.
Kudos to @JYansura @FACTCoalition and Helen Taylor @EndCorruptionUK for these suggestions on how to crack down on abuses.
thefactcoalition.org/uk-illi…
Our nation’s adversaries and competitors shouldn’t be able to weaponize U.S. financial secrecy to dodge tariffs and undercut law-abiding U.S. businesses.
The competitiveness of U.S. manufacturers depends on it.
That's why we need the CTA.
Read more: wsj.com/opinion/be-transpare…
Erica Hanichak retweeted
The top EU court has decided that Apple must pay $14 billion in back taxes.
Wonder what it all means? Check out what FACT's policy director @ZorkaMilin has to say about it 🔽
🧵on today's Apple tax ruling
Big winners:
@EU_Commission and especially the visionary @vestager, but also 🇮🇪 gets to keep the 14bn revenue windfall for its sovereign wealth fund
Losers:
@apple + other companies with Irish sweetheart deals in the past 10 years, now at legal risk
New research by @BrookingsInst shows that the U.S. has a real estate opacity problem.
Where there's opacity, there's risk of abuse. That's why implementing the Corporate Transparency Act and closing money laundering loopholes in real estate are crucial.
brookings.edu/articles/offsh…
Erica Hanichak retweeted
America's most iconic company is facing a huge tax case but is keeping its head in the sand on this major risk. #TaxTwitter must-read: hard-hitting @FT story by @stephenfoley @meyer_g6 + great insights from @Alex_KBKGTP
This is why we're asking the SEC for better tax disclosures
How have the mounting stakes of a multibillion-dollar stand-off with US tax authorities stayed largely unseen from the soft-drink maker's earnings? on.ft.com/3WEElQn
ALT A montage of classic Coca-Cola bottles. Overlaid text reads: Coca-Cola could owe $16bn in taxes, enough to wipe out a year and a half of profits
Erica Hanichak retweeted
In February, I pressed @USTreasury to do more to combat environmental crimes and illicit finance.
I'm glad they've announced an initiative to keep environmental criminals from profiting off the Amazon forest's destruction & deny them safe haven in the US.
home.treasury.gov/news/press…
Erica Hanichak retweeted
We Need the Corporate Transparency Act to Stop Our Adversaries realcleardefense.com/article…
Erica Hanichak retweeted
“These are difficult cases, but they can be done.”
Outstanding coverage by @ICIJorg's @spencerwoodman of the IRS' recent difficulties in investigating and, especially, prosecuting instances of suspected tax fraud by large corps. and the ultra wealthy.
icij.org/inside-icij/2024/06…
Erica Hanichak retweeted
A reminder that for sanctions to work, we need to do better on #CorporateTransparency: "Assets like superyachts are often owned through a series of proxy owners, offshore companies and trusts...registered in jurisdictions chosen for their secrecy."
voanews.com/a/yacht-docked-i…
Erica Hanichak retweeted
ICIJ's 2020 #FinCENFiles revealed how Ukrainian oligarch Ihor Kolomoisky built a U.S. real estate empire over a decade.
A joint report by @acdatacollectiv, @FACTCoalition and @IllicitFlows cites the exposé as a “prime example” of a “full-system failure.” buff.ly/3X5ZULm
Erica Hanichak retweeted
"Let's just say that money launderers don't make good landlords."
@EHanichak @FACTCoalition
At least $2.6 billion of illicit or suspicious funds were invested in commercial real estate across the United States over the last 20 years, according to a new report by @acdatacollectiv, @FACTCoalition and @IllicitFlows. buff.ly/3VhAEkg
Erica Hanichak retweeted
HAPPENING NOW: FACT-member @transparencyUSA is hosting a lunch briefing in Congress on how US enablers are undermining our national security. Panel includes former US government officials, US military, and journalists.
Join us in 2045 Rayburn before 1:30pm.
Erica Hanichak retweeted
Three new briefs in the ongoing legal dispute surrounding the Corporate Transparency Act
"clearly demonstrate that the CTA is constitutional," per FACT's @ZorkaMilin and @EHanichak.
Unmasking shell companies is a vital part of tacking dirty $ in the U.S.
thefactcoalition.org/the-cor…
Erica Hanichak retweeted
"Money laundering through shell companies and other entities - which often involves moving money between countries - is a critical mechanism in these illicit economies."
With comments by me and @Sbreitko
Thank you @BudrykZack for covering this issue.
thehill.com/policy/energy-en…
Erica Hanichak retweeted
📢New Report: Money Laundering Risks in Commercial Real Estate: An Analysis of 25 Case Studies.
@acdatacollectiv @FACTCoalition
Full report: gfintegrity.org/report/money…
Erica Hanichak retweeted
Commercial real estate is attractive target for billions in laundered cash, GFI, @FACTCoalition @acdatacollectiv report finds.
- Via @MiamiHerald
miamiherald.com/news/local/c…
Erica Hanichak retweeted
Gary Kalman from @transparencyUSA: "The CTA’s reporting requirements are neither unusual nor unprecedented for everyday Americans. Most states collect more information when granting public library cards than is required
under the CTA." (see gfintegrity.org/report/the-l…)
Erica Hanichak retweeted
Starting now: FACT member @transparencyUSA’s Gary Kalman testifies in @HSBCDems to discuss the value of the Corporate Transparency Act as a law enforcement and national security tool.
smallbusiness.house.gov/cale…
