This is a gift to cartels, criminals, and U.S. adversaries that exploit shell companies to move millions through our financial system.
Secretary Bessent should testify in front of Congress to explain his decision to put our national security at risk.
Treasury says Fincen has “permanently” ended the beneficial ownership database for Americans. The Corporate Transparency Act mandated that database to crackdown on money laundering among shell companies, and the law has not been overturned.
