this post was submitted on 24 Jan 2024
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United States | News & Politics

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New Disclosure Rules Favor Oligarchy Over Small Business (www.truthdig.com)
submitted 8 months ago by shreddy_scientist@lemmy.ml to c/usa@lemmy.ml
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[–] queermunist@lemmy.ml 5 points 8 months ago* (last edited 8 months ago)

That means venture capital funds, hedge funds and private equity funds are not required to report their ownership information, even though the FBI has said such opaque entities are among those used in criminal money laundering.

So basically, corporate money laundering has been decriminalized. Not much different than before, but at least they're saying the quiet part out loud now.