Post by Catherine Schmidt - ourselves.space

ourselves.space

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#politics #moneylaundering #trump #oligarchy #alt #ALT4you
Heather Cox Richardson
Money Laundering legal

Also on Sunday, the administration announced it would stop enforcing anti-money-laundering laws that were put in place over Trump's veto in 2021 at the end of his first term and required shell companies to identify the people who own or control them. Referring to the law as a “Biden rule,” Trump called the announcement that he would not enforce it “Exciting News!” The Trump Organization frequently uses shell companies.

A world in which the government does not regulate business or address social welfare or infrastructure, claiming instead to promote economic development by funneling resources to wealthy business leaders, looks much like the late-nineteenth-century world that Trump praises. Trump insists that President William McKinley, who was president from 1897 to 1901, created the nation’s most prosperous era by imposing high tariffs on products from foreign countries.

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