US Treasury Department says it will not enforce anti-money laundering law
US Treasury Department says it will not enforce anti-money laundering law
The U.S. Treasury Department said on Sunday it would not enforce an anti-money laundering law that obliges millions of business entities to disclose the identities of their real beneficial owners.
hmmm i wonder why?????
Russian billionaires need their money back.
LOL, the corruption is right there for everyone to see.
Why the redcaps think any of this clownshoes bullshit will benefit THEM is just a masterclass in brainwashing.
Well, clearly money laundering is such a rare fraud, there's no point in wasting the Treasury's time with this...
I saw the crypto news you posted before I shared this, and I was, like, well, that sure is a "coincidence."
Given that Trump was talking about ‘auditing’ Ft. Knox last week.
ugh. This is the dumbest Bond movie ever.
He’s gonna steal the U.S. gold reserves, and sink its money into a crypto exchange that is just a money laundering front.
The coincidence wears orange makeup, sports a bad blonde toupe and is openly and unashamedly a fucking grifter.
What's the difference between arbitrary rule and a proper democracy that allows the leading party to ignore the law? Asking for a friend.
In the latter, rules more or less apply to everyone. In the former, rules apply to people the arbitrary ruler doesn’t like.
Funny how much money laundering is done through crypto now.
Even funnier is that if certain entities trade on certain markets, other countries will still enforce those laws.
So how can a middle class person with not a lot of money take advantage of this ... asking for a friend.
Sorry best we can do is raise your taxes.
Crime, unfortunately.
Money laundering is done to "clean" illegal profit (hence the name). Say your business sells a bit of a meth precursor to a high school chemistry teacher for more than it would legally. You need a way to explain the extra money, and a way to explain where than precursor went.
Things that this won't protect: sex work, drug dealing, hawking stolen goods. Things this will protect: owning a building where you were unaware every tenant was a sex worker, running logistics company that some bad apples on the exact same routes always carried packages of cocaine, or selling artifacts smuggled out of foreign countries.