Kudos to the US Treasury Department’s Financial Crimes Enforceme

Avalon - Kudos to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has finalized two rules that will work to stop corruption and money laundering in U.S. residential real estate and in private investment. This is a massive, massive deal in the world of counter-kleptocracy—the U.S. is finally ending the gargantuan anti–money laundering loopholes for real estate, private equity, hedge funds, and more. Can't overstate how important this is. The Biden administration made fighting corruption a centerpiece of its attempt to shore up democracy both at home and abroad. Great Job