Members phkrause Posted January 22, 2024 Members Posted January 22, 2024 After a multimillion-dollar lobbying blitz, Wall Street firms got themselves exempted from anti-money-laundering requirements being imposed on small businesses. As of Jan. 1, small businesses must report who owns and controls the company to financial regulators or face stiff penalties. The disclosure is required under a new anti-money laundering law designed to curb tax fraud and terrorism financing. https://www.levernews.com/the-oligarch-exemption-for-new-business-disclosure-rules/? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
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