A Boring Dystopia

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Trump Admin Ends Anti-Corruption Rule Requiring Shell Companies Report Ownership (truthout.org)

submitted 4 weeks ago by Viking_Hippie@lemmy.dbzer0.com to c/aboringdystopia@lemmy.world

14 comments fedilink hide all child comments

cross-posted from: https://news.abolish.capital/post/71226

The Trump administration has finalized a rule that will allow shell companies and other questionable entities to conceal their ownership from federal investigators, in a move that critics say will only further facilitate corruption in the U.S. The Treasury Department’s Financial Crimes Enforcement Network announced on Tuesday that it is ending the regulation that requires companies to…

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[–] crispbacon99@lemmy.zip 3 points 3 weeks ago (1 children)

Okay and when this gets reversed they can't hide from the VAST amount of crimes commited before they ended the rule.

[–] StupidBrotherInLaw@lemmy.world 2 points 3 weeks ago

It's the US - they'll just be fined a fraction of the profits made.