Better get that laundry done soon. The feds are coming for your dirty money

Not holding my breath, but hopefully this makes a small difference.

NEW YORK, Aug 10 (Reuters) - 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 long-awaited rule is expected to require that real estate professionals such as title insurers report the identities of the beneficial owners of companies buying real estate in cash to the Treasury’s Financial Crimes Enforcement Network (FinCEN).

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identifies of the beneficial owners of companies buying real estate

Meh. Someone is already brainstorming a workaround.

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Of course. It’s always a game of whack-a-mole with these scumbags. At least they are making a token effort.

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I am looking forward to seeing what fancy houses celebrities have.