Subject: In corruption news
SO much corruption news.

US Treasury Declines to Enforce Anti-Money Laundering Law

What Happened: The U.S. Treasury Department announced it will not enforce the Corporate Transparency Act, a Biden-era anti-money laundering law requiring businesses to disclose their real owners.

Why It Matters: The CTA aimed to curb the use of anonymous shell companies for money laundering and illicit finance. By refusing enforcement, the Treasury is deregulating corporate transparency and ensuring that the U.S. will be a global hub for financial crime.

Source: Reuters