Trump orders the US Treasury Department to not enforce anti-money laundering law

https://www.reuters.com/world/us/us-treasury-department-says-it-will-not-enforce-anti-money-laundering-law-2025-03-03/

by ClutchReverie

4 comments

  1. >The U.S. Treasury Department said on Sunday it would not enforce an anti-money laundering law that obliges millions of business entities to disclose the identities of their real beneficial owners.

    >The Trump administration has opposed the Biden-era Corporate Transparency Act on the grounds that it is a burden on low-risk entities. The act has faced repeated legal [challenges](https://www.reuters.com/world/us/texas-judge-clears-way-anti-money-laundering-laws-enforcement-2025-02-18/).

  2. Make rug pulls great again. Laundering all that money is now legal?. God we are fucked.

  3. This I believe is all tied to the LLC filing for beneficial ownership and a huge punitive fine if not complied with. Didn’t do much besides give the government even more insight into what should be private matters.

  4. This is an impeachable offense. Trump swore an oath to take care to follow the laws. A president cannot just ignore a law. What is next? Him instructing the justice department to not enforce laws against murder?

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