Bringing together journalists, data analysts, academics and policy advocates to expose and undermine corruption.
Founders: @zoe_reiter @f_obermaier @dszakonyi
Jan 26, 2023 • 7 tweets • 5 min read
Yesterday, @USTreasury alerted banks that sanctioned Russian 🇷🇺 elites are likely using US 🇺🇸 #CommercialRealEstate to evade sanctions.
A couple of thoughts... 🧵
First, it’s welcome that FinCEN has recognized the opacity risks of CRE and issued guidance on identifying risky transactions. 👏👏
Hopefully new rules to prevent #RealEstate#MoneyLaundering due in April will cover both commercial and residential properties.
Jun 10, 2021 • 8 tweets • 8 min read
“Continents are plundered, criminal money is laundered, brutal wars are financed. All with the help of opaque company structures and the governments that host these structures.” 🎙️ @f_obermaier at launch of @KleptoCaucus. #KleptoMonth
The #PanamaPapers showed how offshore secrecy 🏝️ enables crime and corruption, but “there are countless other Mossack Fonsecas out there: financial service providers, consultancy firms and law firms helping crooks and criminals, autocrats and dictators hide their money.” 💸
