Congressional committees have been asking whether further Russia sanctions are needed...
Experts answered unanimously: First, let's end anonymous ownership of US companies and other financial secrecy loopholes that empower authoritarian kleptocracy.
Experts answered unanimously: First, let's end anonymous ownership of US companies and other financial secrecy loopholes that empower authoritarian kleptocracy.
"The most powerful elements of proposed sanctions legislation... is the enhanced financial transparency specifically related to domestic title or beneficial ownership... [In] addressing Russian illicit financing... we hesitate. Why?" Heather Conley @CSIS banking.senate.gov/imo/media/doc/…
Ending anonymous companies "may be the most effective thing that Congress can do to root out and confront Russia’s insidious influence and destabilization campaigns in our homeland." @Energy_Liz cnas.org/publications/c…
"Our financial system has a wide-open back door for our adversaries to march through, set up shop and wage an enormous and well-funded influence campaign, laundering money, and paying for attacks on our democracy." @Energy_Liz cnas.org/publications/c…
"Russian citizens should know how and where their leaders hide their money abroad, especially if laundered into the United States...New legislation should be adopted that eliminates anonymous ownership of corporations" @McFaul banking.senate.gov/hearings/outsi…
"Restrict the ability of corrupt oligarchs and others to disguise their purchases of expensive real estate in Miami, New York, and elsewhere... [and advance other legislation] to get at the problem of corrupt money flowing into the United States" Dan Fried banking.senate.gov/hearings/outsi…
