US Treasury ends ownership reporting rules for U.S. companies(washingtonpost.com) |
US Treasury ends ownership reporting rules for U.S. companies(washingtonpost.com) |
- The US tried to stop cartel money-laundering; devastated mom-and-pop businesses: https://www.theguardian.com/us-news/2026/aug/11/us-mexico-border-area-money-transfer-rule-change-small-businesses
- Comments: https://news.ycombinator.com/item?id=49258970
> And Treasury will delete any information it has already collected about U.S. business owners, the advisory said.
I mean this is literally an invitation to use "bagmen" with a US passport to hold interest / investments in the US. The part about deleting already collected data is also pretty crazy.
Bessent, Trump and crew were born and often got rich before modern laws like credit act and such. Their sensory experience is being untouchable white guys providing cover for bad guys. Trump isn't commonly associated with money laundering for no reason.
They're dismantling white collar crime tools which were bad enough as is while installing license plate readers to track blue collar folks buying weed.
They’re just trying to recapture their own personal glory days and don't care who else it fucks over.
Stephen Miller even gloats about being like the power mongers of history who just took what they want.