shells

Opioids Becoming National Emergency: Time to Go After the Money

As the president declares that the opioid epidemic is a national emergency, our own research shows that we can fight opioid deaths by banning anonymous shell companies, often used to launder drug money. 

Here is a summury from our report "Anonymity Overdose" which was released last year: 

Opioid deaths now exceed those from motor vehicle accidents. It's clear we need to do more.

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Bipartisan Momentum Building for Shell Company Reform

On June 28, Rep. Carolyn Maloney (D-NY) and Peter King (R-NY) introduced legislation to shine a light on dirty money. The “Corporate Transparency Act” aims to close a loophole which allows companies to be formed anonymously, and gives law enforcement and banks access to who owns and controls a company. This would end the use of anonymous shell companies -- a common tool for money laundering, tax evasion and other crimes.
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New Overdose Data Sharpens Call for Closing Loopholes Used to Launder Opioid Profits

After new research by the New York Times found that overdose deaths are the leading cause of death of Americans under 50, it's a powerful reminder that the recommendations of our report, Anonymity Overdose, have not been addressed by Congress.

The scale of the opioid crisis is staggering, and deserves an all-hands-on-deck response from our leaders.
 
We know why cartels traffic these drugs. They do it for the money, and we at Fair Share believe it's time to go after the money more effectively.
 
There is a simple bipartisan solution we can enact right now which would help.

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