Trump Administration Ends Anti-Corruption Rule Requiring Shell Companies to Report Ownership
truthout.org
The law establishing the disclosure requirements was originally introduced by Marco Rubio in the Senate.

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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  • MonkeMischief@lemmy.today
    1·
    1 day ago

    Honestly how can The People exploit this? I dunno maybe we should all educate ourselves real carefully on how shell companies work and take advantage of this stupid nonsense.

    “Oh no, sorry nobody’s paying taxes for your war machine funding… it’s all tied up in random shell companies!”