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Texas Judge Blocks Anti-money Laundering Law's Enforcement Nationwide
A federal judge in Texas has issued a nationwide injunction blocking the enforcement of an anti-money laundering law that requires corporate entities to disclose to the U.S. Treasury Department the identities of their real beneficial owners.
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U.S. District Judge Amos Mazzant in Sherman, Texas is, apparently, Pro-Money Laundering! www.reuters.com/legal/govern ... [image or embed] -- Randy Cranin (@randycranin.bsky.social) December 4, 2024 at 1:46 PM
U.S. District Judge Amos Mazzant in Sherman, Texas is, apparently, Pro-Money Laundering! www.reuters.com/legal/govern ... [image or embed]
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Trump opened the can, and the worms are crawling out everywhere.
#1 | Posted by Corky at 2024-12-04 10:12 PM | Reply | Newsworthy 2
Fascists have a judge in texas they can get to do anything they want.
#2 | Posted by SpeakSoftly at 2024-12-04 10:38 PM | Reply | Newsworthy 5
Nobody is allowed to launder money (i.e. foreign influence) except Donald Trump.
#3 | Posted by Twinpac at 2024-12-04 11:22 PM | Reply | Newsworthy 1
@#3 ... Nobody is allowed to launder money (i.e. foreign influence) except Donald Trump. ...
BaFin to Deepen Deutsche Bank Money Laundering Investigation (Feb 2019) www.financemagnates.com
...Deutsche Bank released a statement on Friday saying that BaFin, the German financial regulator, has extended the remit of an independent auditor examining the lender's role in the Danske Bank money laundering scandal. The case stems from an ongoing investigation into the Danish bank's Estonian division. After a whistle-blower sounded the alarm about the activity of certain customers, most of whom were from Russia and the former Soviet Union, in late 2018, it became apparent that Danske Bank's Tallinn-based operations were doing business with some less than scrupulous individuals. It is alleged that the bank laundered around $225 billion from 2007 to 2014. If that is the case, it would potentially be the largest instance of money laundering ever uncovered. Deutsche Bank falls into the mix as it acted as Danske Bank's main correspondent bank. According to the Financial Times, the German bank was responsible for facilitating $180 billion in suspicious transactions....
The case stems from an ongoing investigation into the Danish bank's Estonian division.
After a whistle-blower sounded the alarm about the activity of certain customers, most of whom were from Russia and the former Soviet Union, in late 2018, it became apparent that Danske Bank's Tallinn-based operations were doing business with some less than scrupulous individuals.
It is alleged that the bank laundered around $225 billion from 2007 to 2014. If that is the case, it would potentially be the largest instance of money laundering ever uncovered.
Deutsche Bank falls into the mix as it acted as Danske Bank's main correspondent bank. According to the Financial Times, the German bank was responsible for facilitating $180 billion in suspicious transactions....
Deutsche Bank Offices Are Raided In Money Laundering Probe (Nov 2018) www.npr.org
...In recent years, Deutsche Bank has been in the news not only for its prominence in the Panama Papers, but also for its ties to President Trump, in a tumultuous relationship that goes back some 20 years. Trump and the bank once sued each other after he failed to repay a $300 million loan. And the author and reporter Luke Harding has described a "shuffle of money" between the bank's dealings with figures in Russia and its business with Trump. ...
Trump and the bank once sued each other after he failed to repay a $300 million loan. And the author and reporter Luke Harding has described a "shuffle of money" between the bank's dealings with figures in Russia and its business with Trump. ...
#4 | Posted by LampLighter at 2024-12-04 11:49 PM | Reply
LAMP
I remember that one.
#5 | Posted by Twinpac at 2024-12-05 12:19 AM | Reply
@#5
Yeah.
fwiw, pop "Luke Harding" into your search engine of choice.
Some interesting stuff ...
#6 | Posted by LampLighter at 2024-12-05 01:29 AM | Reply
I worked at a money laundering operation while in college. I had no idea until about 10 years later when the FBI came looking to talk to me. In hindsight, the signs were there.
#7 | Posted by Miranda7 at 2024-12-05 08:05 AM | Reply
The controversy is about corporate anonymity, not money laundering directly. Delaware's economy was built on corporate anonymity, thanks to Joe Biden. I'd wager more money laundering occurs in Delaware than anywhere else in the US.
#8 | Posted by Miranda7 at 2024-12-05 08:11 AM | Reply
And why should corporations have anonymity at all? So many of the Panama Papers international money hiding and laundering used "companies" based in Delaware, Wyoming, New Mexico, Nevada. I think Wyoming is actually the biggest one now replacing Delaware.
#9 | Posted by GalaxiePete at 2024-12-05 03:47 PM | Reply | Newsworthy 1
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