Bits n’ pieces from east, west and beyond
East, west or beyond, sooner or later events elsewhere may have a local impact. A recent sampling:
The Treasury Department’s Financial Crimes Enforcement Network has finalized two rules to stop corruption and money laundering in U.S. residential real estate and private investment.
The U.S. has been one of the world’s money-laundering capitals, which has been seen as a national security threat due to the involvement of organized criminals, corrupt government officials and business leaders. Europe’s Commission on Security and Cooperation stated the U.S. Treasury’s decision closes a “crucial pathway for Russian money laundering and sanctions through real estate and private equity.”
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