Trump Opens Massive Loophole for Money Launderers
Treasury Secretary Scott Bessent frames the change as supporting small businesses, while former prosecutors say it weakens anti-money-laundering enforcement.
7 Articles
7 Articles
This law has the teeth to jail Trump — and he's desperate to defang it
Trump just took steps to make it very difficult to prosecute money laundering, a crime he and his real estate buddies may well have been committing much of their felonious lives.This month, we learned that Capital One Bank closed more than 300 Trump Organization accounts back in 2021 because, they said, their internal fraud department had flagged illegal money-laundering activity. But on who’s behalf?We know from the Mueller Report and public re…
I'm not sure the swamp is going to get drained
Former Enron chief financial officer Andrew S. Fastow is escorted into the Houston federal courthouse Wednesday morning after surrendering to the FBI. (HoustonChronicle photo/Karl Stolleis) The Trump administration’s approach to white collar crime is “game enable game”: Ever since Donald Trump returned to the White House, his administration has taken a sledgehammer to anti-corruption efforts, destroying policy after policy dedicated to preventi…
Trump opens massive loophole for money launderers
Former prosecutors piled on President Donald Trump’s efforts to obliterate anti-corruption efforts and destroy policies dedicated to preventing bribery and money laundering in the country. The Atlantic reports this week “brought the biggest blow yet: The Treasury has obliterated a recent rule to deter devious shell companies, handily reopening the American economy to anyone looking to hide their illicit wealth.”On Tuesday, the Department of the …
Trump Kills Marco Rubio's Anti-Money-Laundering Law, Likes His Russian Crime-Boss Money Shiny And Clean :D
Wonkette photoshoop by Dok Zoom, using images originally by Nick Ares and “bonstance,” Creative Commons License 2.0. (Original washing machine photo had a cute kitty in it.)Back in the Olden Days of the Before Times — 2020, if anyone can remember that far back — then-Senator Marco Rubio had a vision for cleaning up corruption and money laundering, and he sponsored the “Corporate Transparency Act.” The CTA, passed with bipartisan support, was a b…
The Reporters program focused in this edition on another depressing chapter of the demolition and dismantling of fiscal actions against corruption. After liquidating the special teams of the White Necks and Lava Jato cases, the prosecutors' offices specialized in asset-laundering investigations were now destroyed. The demolitions of the prosecutors' offices, the expulsion in the events of the prosecutors and the prosecutors involved in the cases…
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