By refusing to enforce the Corporate Transparency Act, the Trump administration has gutted key protections against money laundering and financial crime. The message to kleptocrats worldwide is clear: the US is open for anonymous shell company business.

  • frustrated_phagocytosis@fedia.io
    link
    fedilink
    arrow-up
    7
    ·
    6 days ago

    It’s also completely contrary to any claims of needing to go to war with gangs and cartels. Money laundering is one of the better tools to go after them because they have to launder money and attacking access to financial assets is way more effective than picking up individual smugglers and dealers. But financial crime is too close to home, so we’ll get concentration camps instead. Filled with low level offenders, many of whom are probably victims of the cartels themselves, but the Fox crowd responds more to brown people in concentration camps, so…