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 decadesтАФpotentially 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 nirvanaтАФwhy today is such a huge dealтАФyou 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 newsтАФbut it's not the only anti-corruption/counter-kleptocracy win today. For example: https://t.co/ljgnoOGdxt

More from Government

They shouldn't be.

The pattern is:
GOP in power - GOP dictates policy

Dems in power - GOP dictates policy


The Dems shouldn't legislate toward the GOP.

The GOP doesn't represent its constituents.

The GOP can push it's agenda on its own time.

If Dems push an agenda that actually helps people, it'll also actually help the GOP constituency.

The GOP won't. So give them nothing.

The Dems should ignore the GOP just like the GOP ignores the Dems.

Make them pay for every moment of obstruction.

Just a hard press on legislation that is unassailable and shine a light on the GOP.

Constant. Relentless. Unyielding.

Shut them out and shut them down.

The GOP is not a legitimate political party. It is an anti-democratic, fascist criminal syndicate with no interest whatsoever in governance.

Nobody should give them the slightest bit of credit or legitimacy ever again.

Not a fucking ounce.

Nobody should engage them in legitimate debate in Congress.

They should be pariahs and treated as unserious occupants of Congress.

Because these people were totally ok with their colleagues being killed in furtherance of the destruction of the insitution.

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рд░реЛрдЧ рдХреА рд╕реНрдерд┐рддрд┐ рдореЗрдВ рдЙрддреНрдкреНрд░реЗрд░рдХ рдХрд╛ рдХрд╛рд░реНрдп рдХрд░рдиреЗ рд╡рд╛рд▓реЗ рдЧреНрд░рд╣, рдЖрдпреБрд░реНрд╡реЗрджрд┐рдХ/рдРрд▓реЛрдкреИрдереА/рд╣реЛрдорд┐рдпреЛрдкреИрдереА рдореЗрдВ рд╕реЗ рдХреМрди рдХрд╛рд░рдЧрд░ рд╣реЛрдЧрд╛ рдЗрд╕рдХрд╛ рдЖрдБрдХрд▓рди, рд░рдХреНрдд рд╡рд┐рдХрд╛рд░, рд░рдХреНрдд рдФрд░ рдЖрдкрд░реЗрд╢рди рдХреА рд╕реНрдерд┐рддрд┐, рдХреМрди рд╕рд╛ рдЖрдВрддрд░рд┐рдХ рдпрд╛ рдмрд╛рд╣рд░реА рдЕрдВрдЧ рдкреНрд░рднрд╛рд╡рд┐рдд рд╣реЛрдЧрд╛ рдЗрддреНрдпрд╛рджрд┐ рдЧрдгрдирд╛ рдХрд░рдиреЗ рдореЗрдВ рдХреБрдВрдбрд▓реА рдХрд╛ рдкреНрд░рдпреЛрдЧ рдХрд┐рдпрд╛ рдЬрд╛рддрд╛ рд╣реИред


рдореЗрдбрд┐рдХрд▓ рдЬреНрдпреЛрддрд┐рд╖ рдореЗрдВ рдЖрдЬ рдХреЗ рд╕рдордп рдореЗрдВ Dr. K. S. Charak рдХрд╛ рдирд╛рдо рдирд┐рд░реНрд╡рд┐рд╡рд╛рдж рд░реВрдк рд╕реЗ рдкреНрд░рдердо рд╕реНрдерд╛рди рд░рдЦрддрд╛ рд╣реИред рдЙрдирдХреА рд▓рд┐рдЦреА рдХрдИ рдкреБрд╕реНрддрдХреЗрдВ рдЖрдЬ рдЗрд╕ рдХреНрд╖реЗрддреНрд░ рдореЗрдВ рдирдП рдЬреНрдпреЛрддрд┐рд╖реЛрдВ рдХрд╛ рдорд╛рд░реНрдЧрджрд░реНрд╢рди рдХрд░ рд░рд╣реА рд╣реИрдВред
рдкреНрд░рдердо рднрд╛рд╡ -
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рдЪрддреБрд░реНрде рднрд╛рд╡- рдЫрд╛рддреА рд╡ рдЗрд╕рдХреЗ рдЖрдВрддрд░рд┐рдХ рдЕрдВрдЧ, рдЬрд╛рддрдХ рдХреА рдорд╛рдирд╕рд┐рдХ рд╕реНрдерд┐рддрд┐/рдкреНрд░рдХреГрддрд┐, рд╕реНрддрди рдЖрджрд┐ рдХреА рдЧрдгрдирд╛ рдХреА рдЬрд╛рддреА рд╣реИ


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рд░реЛрдЧ рднрд╛рд╡ рдХрд╣рд╛ рдЬрд╛рддрд╛ рд╣реИред рдХреБрдВрдбрд▓реА рдореЗ рдЗрд╕рдХреЗ рддрддреНрдХрд╛рд▓рд┐рдХ рднрд╛рд╡ рд╕реНрд╡рд╛рдореА, рдХрд╛рд▓рдкреБрд░реБрд╖ рдХреБрдВрдбрд▓реА рдХреЗ рд╕реНрд╡рд╛рдореА, рджреГрд╖реНрдЯрд┐ рд╕рдВрдмрдВрдз, рд░реЛрдЧреЗрд╢ рдХреА рд╕реНрдерд┐рддрд┐, рд░реЛрдЧреЗрд╢ рдХреЗ рдирдХреНрд╖рддреНрд░ рдФрд▒ рд░реЛрдЧреЗрд╢ рд╡ рднрд╛рд╡ рдХреА рдбрд┐рдЧреНрд░реА рдЗрддреНрдпрд╛рджрд┐ред