El narco-régimen criminal de Maduro ha violado repetidamente el acuerdo de Barbados, todo mientras continúa socavando a la principal líder opositora de Venezuela, María Corina Machado. Actualmente, varios miembros del equipo de campaña de Machado permanecen detenidos...
News
Latest News
Rubio, Risch on Biden Administration’s Decision Not to Extend Oil License to Criminal Maduro Regime
The criminal Maduro narco-regime has repeatedly violated the Barbados agreement as it continues to undermine the leading Venezuelan opposition leader, María Corina Machado. Currently, several members of Machado’s campaign team remain arbitrarily detained. Every action...
Rubio Praises Graham’s Service
U.S. Senator Marco Rubio (R-FL) released a statement following the death of former Florida Governor and U.S. Senator Bob Graham. “Bob Graham was a selfless public servant, whose legacy and impact will live on. From his days in the state House to his days in the...
Rubio: Investigate Shein and Temu for Slave Labor
Fast fashion retailer, Shein, and e-commerce company, Temu, have exploded in popularity despite evidence that both companies are exporting goods to the United States made with Uyghur slave labor. U.S. Senator Marco Rubio’s (R-FL) Uyghur Forced Labor...
Rubio y Kaine Aplauden Aprobación del Comité de Relaciones Exteriores de su Legislación para Imponer Sanciones a Nicaragua
Durante una reunión del Comité de Relaciones Exteriores, la Ley de Restauración de la Soberanía y los Derechos Humanos en Nicaragua, de autoría de los senadores estadounidenses Marco Rubio (R-FL) y Tim Kaine (D-VA), pasó favorablemente. El proyecto de ley bipartidista...
Rubio, Kaine Applaud Committee Passage of Nicaragua Sanctions Bill
During a Senate Committee on Foreign Relations business meeting, the Restoring Sovereignty and Human Rights in Nicaragua Act, co-led by U.S. Senators Marco Rubio (R-FL) and Tim Kaine (D-VA), was favorably reported. The bipartisan and bicameral bill now heads to the...
Rubio Secures Provision in Defense Bill to Combat Financial Crime by Ending Anonymous Shell Companies
Washington, D.C. — U.S. Senator Marco Rubio (R-FL) secured a provision in the National Defense Authorization Act (NDAA) for Fiscal Year 2021 (H.R. 6395) conference report that passed the Senate that will help stop criminals, including sophisticated criminal organizations, from using anonymous shell corporations to engage in illicit activities like money laundering, sex trafficking, fraud, and terrorist financing. The anti-money laundering provisions in the FY21 NDAA conference report includes and builds upon the Corporate Transparency Act (S. 1978), bipartisan legislation he reintroduced last year. The Senate’s action sends the final conference report to the President.
Senator Rubio first introduced the bipartisan Corporate Transparency Act with Senator Ron Wyden (D-OR) in August 2017. In August 2018, Rubio, Wyden, and Senator Sheldon Whitehouse (D-RI) succeeded in passing bipartisan legislation to lay the groundwork to expand a U.S. Department of the Treasury initiative to curb foreign nationals laundering money through high-end real estate. The Miami Herald also published an in-depth report on Rubio’s continued efforts to crackdown on dirty money in real estate.
“In my home State of Florida, including in Miami, our law enforcement professionals know all too well that criminals readily use shell companies to remain anonymous and hide nefarious activity,” Rubio said. “I was proud to help secure this important provision in the NDAA that targets criminals hiding behind shell companies to engage in illicit activities like human trafficking, healthcare fraud, transnational corruption, and terrorist financing. It is imperative that law enforcement has the basic information, tools, and authorities at its disposal to identify and disrupt criminal acts that put our communities and our national security at risk.”
Last December, Rubio chaired a Senate Foreign Relations Subcommittee on Western Hemisphere, Transnational Crime, Civilian Security, Democracy, Human Rights, and Global Women’s Issues hearing titled “Illicit Mining: Threats to U.S. National Security and International Human Rights.” The hearing examined how anonymous shell corporations are used to engage in illicit activity, including money laundering.
Specifically, the Corporate Transparency Act will:
- Generally require basic information, including name, address, date of birth, and a driver’s license number or other identification of the beneficial owner be reported to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) upon the creation of a company, with some exceptions. No financial information, business details, or proprietary information is required;
- Ensure government authorities accessing beneficial ownership information do so only for authorized purposes;
- Minimize reporting burdens for companies; and
- Provide for civil and criminal penalties for willful violations of the requirements under this law.