FinCEN Proposes Rule to Combat Money Laundering and Promote Transparency in Residential Real Estate xitter.cf/FinCENnews/status/1755…
Is now a good time to talk about the real estate exemption to the anti-money laundering requirements in the Patriot Act the realtor lobby fought for?
When families are forced to compete with anonymous shells, we'll never have enough supply and will destroy towns in the process.
"There were days that I came home crying." The real-estate boom is hitting out-of-the-way towns across the U.S., frustrating would-be buyers. on.wsj.com/2Sd5ThX
Treasury Dept proposes ending anonymous luxury home purchases xitter.cf/highbrow_nobrow/status…
🚨The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains. @Reuters
theintellectualist.com/membe…
2024 will close a few loopholes:
✅Beneficial owner registry for business entities
✅ So, no more anonymous shell companies buying real estate.
wlrn.org/business/2023-12-29…
Happy New Years!
So the whole gas stove coordinated talking points are to distract from the story that #ExxonKnew EXACTLY when & how they were killing the planet & covered it up? Did I get that right? theguardian.com/business/202…
Leading by example in business & the outdoors. Well done!
Hey, friends, we just gave our company to planet Earth. OK, it’s more nuanced than that, but we’re closed today to celebrate this new plan to save our one and only home. We’ll be back online tomorrow.
nytimes.com/2022/09/14/clima…
Investors bought 1 in 5 homes in 2021 Q4. Could be companies converting homes for rentals. Could be a way to hide cash with sanctions incoming in 2022. redfin.com/news/?p=73870
.@12news/@mitchcarrtv Kudos for covering Progressive Residential's billion $ buying spree on 3900+ rental homes in Phoenix. #PandoraPapers 12news.com/article/money/mar…
NEW in #PandoraPapers, w/@washingtonpost & @TorontoStar: We dig into a billion-dollar real estate venture, part of an unprecedented flow of global finance into US suburbs — and the effect on residents when secret investors cash in on the American dream. 🧵bit.ly/3F5un0w
Happy Friday, y’all.
Good to see @FinCrimeEdu update the public around climate crimes and the financial crimes that enable their destruction of earth.
If we’re gonna decarbonize, we gotta cut off the criminals revenue chains, first.
fincen.gov/sites/default/fil…
😉
AGREED TO: Cloture on the nomination of Brian Eddie Nelson to be Under Secretary of the @USTreasury for Terrorism and Financial Crimes.
By a vote of 51-50.
.@VP Harris voted YEA.
Somehow I missed this article by @JoeBiden in 2018.
Closing the loopholes for foreign dark money must be first priority in January along with national COVID response.
politico.com/magazine/story/…
Recommend following @FinCrimeEdu. We're about to learn how the kleptocrats have been moving dark money around the world. Money they've been stealing from us. 🧐
xitter.cf/FinCrimeEdu/status/132…
Rome financial police executed a search warrant on three key figures as part of the Vatican investigation into alleged fraud, money laundering, and extortion in connection to a London luxury property development.
fcced.com/rome-raid-key-figu…
Recommend following @ICIJorg. They uncovered where kleptocrats, oligarchs and wanna be plutocrats have been moving money around the world. xitter.cf/ICIJorg/status/1444703…
NEW: #PandoraPapers reveals the inner workings of a shadow economy that benefits the wealthy and well-connected at the expense of everyone else.
Brought to you by ICIJ and 600+ journalists, the largest collaboration in journalism history. 🧵 bit.ly/3uD1T9R
Remarkable. Thrilled to see this finally introduced. 🙌
.@HelsinkiComm Co-Chair @RepCohen, Ranking Member @RepJoeWilson introduce Counter-Kleptocracy Act, consolidating 7 bipartisan bills led by members of the commission and @KleptoCaucus. csce.gov/international-impac… #corruption
“We have spoken to a bunch of banks where we can buy hundreds of properties at a time,” Devanur said. “We can analyze thousands of properties in a minute. For us, everything is through technology.” -ReAlpha CEO
bloomberg.com/news/articles/…
Good. Let the sunlight in. Show how the radicalization ecosystem works, the violence it incites & how it empowers minority rule.
The House is set to pass a Jan. 6 Capitol assault commission bill over the opposition of Republican leaders. abcn.ws/3hL3rtM
