Federal government finalizes ownership reporting exemption for US firms (reuters.com) 10 points by anigbrowl 1mo ago ↗ HN
[–] ronsor 1mo ago ↗ I don't know why cartels and oligarchs are always brought out as a reason for this stuff.One, banks do KYC anyway.Two, cartels and oligarchs will pivot to outright fraud overnight; reporting rules don't discourage them.
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[ 0.27 ms ] story [ 7.6 ms ] threadOne, banks do KYC anyway.
Two, cartels and oligarchs will pivot to outright fraud overnight; reporting rules don't discourage them.