The Trump administration is exempting tens of millions of companies from an anti-money-laundering law that was enacted during Donald Trump's first term. This law aimed to combat anonymous shell companies that facilitate financial crimes. Critics argue that this move undermines efforts to address white-collar crime in the U.S. and could lead to significant financial repercussions. In recent statements, various sources have highlighted the implications of ignoring white-collar crime, suggesting that it could result in a substantial financial burden on the economy.
For a president who professes to be tough on crime, Donald Trump is clearing the way for a great deal of the white-collar variety. In a few short months, his administration has issued a startling sequence of proclamations to roll back U.S. enforcement… https://t.co/GO5O5IXjDP https://t.co/lY7CNcZPkU
Breakingviews - Ignoring US white-collar crime will run up big tab https://t.co/gkke6QvafN https://t.co/gkke6QvafN
From Breakingviews - Ignoring US white-collar crime will run up big tab https://t.co/sQYWLVCZVi https://t.co/sQYWLVCZVi