Biden administration unveils first anti-corruption plan

[Yo_Mama_Been_Loggin]

Source: The Hill

The Biden administration on Monday released the first-ever United States Strategy on Countering Corruption, which focuses on preventing bad actors using the U.S. and international financial systems to hide assets and launder money.

The 38-page plan to crack down on corruption was released ahead of the virtual Summit for Democracy, which the Biden administration is hosting on Thursday and Friday and will include over 100 participants from governments, civil society and the private sector.

Five pillars were announced to guide the implementation of the strategy, including modernizing the efforts to fight corruption by prioritizing intelligence collection and analysis and boosting coordination across industries.

The pillars also include curbing illicit finance through steps like issuing beneficial ownership transparency regulations to identify bad actors and enacting first-of-their-kind regulations surrounding real estate transactions to reveal when real estate is used to hide ill-gotten cash or to launder criminal proceeds.

Read more: https://www.msn.com/en-us/news/politics/biden-administration-unveils-first-anti-corruption-plan/ar-AARwIcR

[RussBLib]

1. excellent

Russian oligarchs, anyone? T****? NFT's? Real Estate?

I hope it is wildly successful.

[Faux pas]

2. Yes Please!

[James48]

3. Better make sure

It covers all the ways Trump’s family clan mafia can extort and launder money.

[Yo_Mama_Been_Loggin]

4. Sounds like this part is aimed at Trump

Biden targets all-cash home deals in anti-corruption drive

WASHINGTON (Reuters) - The Biden administration on Monday vowed to crack down on "criminals, kleptocrats and others" paying cash for houses to launder money as part of a broader anti-corruption drive linked to this week's U.S. Summit for Democracy.

Deputy Treasury Secretary Wally Adeyemo, speaking at the Brookings Institution think tank, pledged an "aggressive" push against suspicious all-cash home transactions, moves to beef up enforcement and intensified collaboration with allies.

President Joe Biden ordered officials in June to step up the fight against corruption. Their initial proposals are outlined in a 38-page U.S. national security strategy on countering corruption released Monday.

"Our real estate markets are at risk of becoming a safe haven for criminals, kleptocrats and others seeking to park corrupt profits," Adeyemo said, noting that current law allows people to form companies anonymously to conduct all cash real estate deals that hide the source of funds.

https://www.yahoo.com/news/biden-targets-cash-homes-deals-124237646.html

[IronLionZion]

5. Wealthy foreign criminals like American real estate for money laundering

and tax avoidance. It jacks up the prices in many hot markets screwing the people who actually live here. There should also be some tax or penalty for not living in the homes if it's just an investment.

[bucolic_frolic]

6. Is this part of the new 2022 Biden Agenda?

Headlines today tell a story. Feds but migrant farm slave operation. Feds begin anti-corruption on money laundering. Feds sue Texas on redistricting. We know DOJ is peddling fast on Jan 6 insurrectionists.

I mean to say, Republicans haven't been the law and order party since Eisenhower. Recall Nixon, Iran-Contra, S&L crisis, WMDs, Wall Street capitulation. And that's not even mentioning TFG Administration of grifting.

Already Joe can make the case that he's the law-and-order president. That would surprise the GQP!