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WHF Brown Bag Lunch: Update on Developments on the Hill to Increase Corporate Transparency and End Anonymous Shell Companies
K&L Gates
1601 K Street NW
Washington, District of Columbia 20006
United States
Wednesday, January 15, 2020, 12:00 PM - 1:15 PM EDT
Category: Events

WHF Brown Bag Lunch: Update on Developments on the Hill to Increase Corporate Transparency and End Anonymous Shell Companies

Join us for a discussion with an expert who has been at the center of the fight to require corporate entities to disclose their beneficial owners and end anonymous shell companies. In October 2019, the US House of Representatives passed, with a bi-partisan vote (249 to 173), the Corporate Transparency Act, a bill that would force anonymous shell companies to disclose their beneficial owners. On the senate side, bipartisan group of has also introduced bi-partisan legislation titled The ILLICT CASH Act that targets shell companies often used as fronts for criminal activity – to disclose their true owners to the U.S. Department of the Treasury. Our speaker will discuss the importance of these legislative pieces and the impact their provisions on beneficial ownership will have on money laundering, crime and corruption, as well as the broader domestic and international contexts. She will provide updates on the provisions within the legislative proposals introduced and share insights into the political landscape surrounding the prospects for this legislation and its impact. Additional congressional staff speaker may be added.

 

Speaker: 
Lakshmi Kumar, 
Policy Director at Global Financial Integrity (GFI)


Date: 
January 15, 2020   
Time: 12:00 - 1:15 pm
Location: K&L Gates, 1601 K Street NW, Washington DC 20006
Metro: McPherson Square, Farrugut North & West 

 

Register Here



Speaker Bios

Lakshmi Kumar is the Policy Director at Global Financial Integrity (GFI), a Washington, D.C based think tank specializing in research, advocacy, and advisory services. Ms. Kumar works on issues of illicit finance and trade, and the vehicles, systems and institutions that facilitate movement of illicit money across borders. She has spoken as a subject matter expert on issues including trade-based money laundering, kleptocracies, grand corruption, the abuse of anonymous shell companies and the integrity risks of Sovereign Wealth Funds. Ms. Kumar has spoken publicly on these subjects at Capitol Hill, the Atlantic Council, the Carnegie Endowment for International Peace, various other think thanks in D.C., as well as venues in Africa and South America. As a legal expert, she has contributed through her authorship to reports of the United National Economic Commission of Africa, the Carnegie Endowment for International Peace, and has been invited to speak at the OECD.