Story perspectives

Trump Administration Pauses FCPA Enforcement, Exempts 99% Firms

8/15/2026

Summary

Story summary

U.S. President Donald Trump’s administration paused enforcement of the Foreign Corrupt Practices Act.
The administration suspended data collection under the Corporate Transparency Act and exempted 99 percent of firms from disclosures.
It pledged to destroy existing corporate-ownership data despite Treasury’s continued requirement for foreign shell-company disclosures.
Financial experts warned the relaxed rules could let drug cartels launder money by buying jets and reduce law-enforcement leads on fraudsters.

1 of 1

Story summary

U.S. President Donald Trump’s administration paused enforcement of the Foreign Corrupt Practices Act.
The administration suspended data collection under the Corporate Transparency Act and exempted 99 percent of firms from disclosures.
It pledged to destroy existing corporate-ownership data despite Treasury’s continued requirement for foreign shell-company disclosures.
Financial experts warned the relaxed rules could let drug cartels launder money by buying jets and reduce law-enforcement leads on fraudsters.