The United States could join a growing list of countries cracking down on anonymous shell companies if a bill gathering support in the House continues gaining steam.
The bill, set for discussion as early as Wednesday in the House Financial Services Committee, would require companies established in the United States to disclose their real owners to the Treasury Department, making it harder for criminals, terrorists and kleptocrats to anonymously launder money or evade taxes.
While anti-corruption campaigners have long fought for such a measure, more recent support from the banking industry and national security hawks has brightened prospects for bipartisan backing, proponents say.
“It is absurd that the
... read more at: https://www.washingtonpost.com/business/economy/criminals-and-kleptocrats-will-find-it-harder-to-launder-money-in-the-us-if-this-bill-passes/2019/05/06/ad95fc46-7014-11e9-8be0-ca575670e91c_story.html