Writing ยท Real Estate (general)
๐๐ซ๐๐๐ฌ๐ฎ๐ซ๐ฒ ๐๐ฎ๐ฌ๐ฉ๐๐ง๐๐ฌ ๐๐๐ ๐๐ฐ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐๐ข๐ฌ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ ๐๐ฎ๐ฅ๐ โ ๐๐ข๐ ๐๐ข๐ง ๐จ๐ซ ๐๐ข๐ ๐๐ข๐ฌ๐ค?
The U.S. Treasury just rolled back a key financial transparency rule, halting enforcement of the Corporate Transparency Actโs requirement for LLCs and small businesses to disclose their true owners. Originally designed to combat money launderingโespecially in real estateโthis rule aimed to close loopholes criminals exploit.
Supporters call this a win for small businesses and deregulation. Critics argue it weakens efforts to track illicit funds flowing through U.S. real estate. With over $2.3 billion laundered through real estate between 2015-2020, the stakes are high.
What do you think? Smart deregulation or a step backward in fighting financial crime?
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