THE U.S. JUST BANNED ANONYMOUS SHELL COMPANIES

Pardon the all-caps, but the Senate's veto override today means that the U.S. A) just eliminated the primary building block in America's transformation into an offshore haven, and B) passed the most sweeping counter-kleptocracy reforms in decades—potentially ever.
Incredible news, and an incredible way to start 2021. What a moment. https://t.co/AN9jjowOnu
Huge boost to American credibility in the fight against modern kleptocracy. Huge blow to those who'd turned to the U.S. time and again for their laundering needs, and those U.S. states that had transformed into money laundering havens of their own.

Just phenomenal news.
Again, this is a massive testament to all those who exposed the rot these anonymous shell companies led to, especially the journalists who exposed the laundering networks and civil society activists pressuring legislators to make this change (when it seemed next to impossible).
The fight against anonymity, and these American kleptocratic building blocks, is hardly over. Trusts, real estate, private equity, hedge funds, art houses, auction houses... much work remains.

But today is absolutely a day to celebrate. https://t.co/AN9jjowOnu
One other thing: This was not only a clear rebuke to Trump (and the first veto override!), but it was absolutely a bipartisan endeavor. The legislation banning shell companies couldn't have been passed without a broad, broad base of support and stakeholders, across the aisle.
Shameless self-plug, but if you're interested in how the anonymous American shell company industry first developed, and how it helped transform the U.S. into money laundering nirvana—why today is such a huge deal—you can pre-order my book here: https://t.co/QwTpzzhMt4
Statement from Transparency International U.S. (@transparencyUSA) on today's landmark passage:

'This is the first significant update to our anti-money laundering laws in twenty years, and one of the most important anti-corruption measures ever passed by the U.S. Congress.'
This is exactly right from Josh. Today's legislation is the biggest US anti-money laundering move *at least* since the Patriot Act. Given the magnitude of crimes anonymous US shell companies are involved in, it could end up being the most important ever. https://t.co/QrHeOJGxdF
Banning anonymous U.S. shell companies is obviously huge, huge news—but it's not the only anti-corruption/counter-kleptocracy win today. For example: https://t.co/ljgnoOGdxt

More from Government

Oh my Goodness!!!

I might have a panic attack due to excitement!!

Read this thread to the end...I just had an epiphany and my mind is blown. Actually, more than blown. More like OBLITERATED! This is the thing! This is the thing that will blow the entire thing out of the water!


Has this man been concealing his true identity?

Is this man a supposed 'dead' Seal Team Six soldier?

Witness protection to be kept safe until the right moment when all will be revealed?!

Who ELSE is alive that may have faked their death/gone into witness protection?


Were "golden tickets" inside the envelopes??


Are these "golden tickets" going to lead to their ultimate undoing?

Review crumbs on the board re: 'gold'.


#SEALTeam6 Trump re-tweeted this.

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First thread of the year because I have time during MCO. As requested, a thread on the gods and spirits of Malay folk religion. Some are indigenous, some are of Indian origin, some have Islamic


Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits

Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their


Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time

Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods