US set to unveil long-awaited crackdown on real estate money laundering
US set to unveil long-awaited crackdown on real estate money laundering
The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.
The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.
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The Treasury Department will soon PROPOSE a rule.....
Bets on whether it goes through?
We’re going to need a few loopholes first.
Sure hope this doesn't end up morphing into a law that fails its core objective and end up fucking over poor people somehow!
That's the whole plan.