Two senators, Rhode Island Democratic Rep. Sheldon Whitehouse and Mississippi Republican Rep. Roger Wicker, said Monday that more accountants and other financial professionals are on hand to help protect against money laundering and other crimes. introduced a bipartisan bill imposing liability for
of Establishment of New Authority for Enabling Risks to Business Laundering and Security (ENABLERS) Act federal due diligence and transparency to include certain American professionals whose skills are often misused to hide illicit funds or commit financial crimes, such as investment advisors, lawyers, and accountants; It is intended to enforce requirements. Lawmakers are introducing the bill as an amendment to the Defense Authorization Bill, which is expected to be considered by the Senate later this year. Accompanying bills have also been introduced in the House by bipartisan groups — Rep. Tom Malinowski, Rep. New Jersey Rep., Rep. Maria Salazar, Rep. Florida Republican Rep. Maxine Waters, Rep. South Carolina Republican Rep. Abigail Spanberger, D-Virginia, and R-North Carolina Richard Hudson also attached to the House version of the National Defense Authorization Act.
“America is in a clash of civilizations, and on the other side are international kleptocrats and criminals who are abusing our legal and financial system before our very eyes,” the White House said. “We must prevent adversaries from hiding booty within our borders. This bipartisan measure is what bad guys are looking to hide their ill-gotten gains,” it said in a statement Monday. Many professions require basic transparency, and we already expect such transparency from many institutions like ours. I am happy that we have arrived at a viable solution.”
He and Wicker believe that the oligarchs of Russian President Vladimir Putin’s regime amassed vast sums of money abroad, such as the United States, and complicated financial transactions, which would require the help of Western experts, including some Americans. It was pointed out that they are using paper companies that are impossible if pandora paperReleased a year ago today, these materials reveal how kleptocratic regimes, drug cartels, and other criminals are hiding illegal funds in America with the help of American experts. I made it
“Vladimir Putin’s barbaric invasion of Ukraine has exposed a deep range of oligarchs and bandits who have used their wealth and influence to spark global conflict,” Wicker said in a statement. We should do everything within reason to eradicate this corruption and prevent foreign villains from abusing our financial system.This law is designed to make certain industries more viable to protect our country. By demanding a high degree of transparency, we are targeting that abuse.”
Groups of financial transparency organizations such as Global Financial Integrity, Transparency International US, the Anti-Corruption Data Collective and the FACT Coalition also discuss the progress made so far in the United States in closing money laundering loopholes and the new ENABLERS Act. Discussed. As a way for kleptocrats and Russian oligarchs to keep their assets hidden in the US, webcast Monday. They finalized beneficial ownership rulemaking to help expose foreign-owned paper companies to the Treasury Department’s Financial Crimes Enforcement Network, and also protect the use of real estate assets for money laundering. asked to create another rule for
The United States needs to do more in this area.according to report According to research organization Sentry, the U.S. is one of the 10% of countries that have not implemented the transparency and due diligence solutions contained in the Enablers Act, and as the Treasury Department acknowledges, the U.S. is currently: One of the best places in the world. to “conceal and launder ill-gotten gains.”
In a speech last December, Treasury Secretary Janet Yellen said, “It’s commonly believed that the world’s money laundering homes are small countries with a history of lax and secretive financial laws.” , there is now a good argument that the best place to hide and launder ill-gotten gains is actually the United States, because it allows people to form paper companies.”