US set to unveil long-awaited crackdown on real estate money laundering
US set to unveil long-awaited crackdown on real estate money laundering
The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.
The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.
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No more corrupt oligarchs, just straightlaced god fearing American oligarchs like
BlackrockBlackstone and State Street 🥰*Blackstone
u right thank you, editing my comment
Idk what the griddle maker has to do with this.
Blackrock is the investment firm.
Griddle maker?! lol, my comment is for you then.
These two firms are commonly mistaken for one another. Blackrock doesn’t invest in real estate directly. Blackstone’s entire business model revolves around it. In the context of this article, Blackstone is the relevant hedge fund.