Date: 2023-01-04 02:00 am (UTC)
skington: (brain shrug)
From: [personal profile] skington

I searched for "Delaware" in the anti-corruption story and got nothing. Shurely shome mistake?

Date: 2023-01-04 07:43 am (UTC)
hairyears: Spilosoma viginica caterpillar: luxuriant white hair and a 'Dougal' face with antennae. Small, hairy, and venomous (Default)
From: [personal profile] hairyears
I noticed that, too.

Date: 2023-01-04 07:56 pm (UTC)
hairyears: Spilosoma viginica caterpillar: luxuriant white hair and a 'Dougal' face with antennae. Small, hairy, and venomous (Default)
From: [personal profile] hairyears
That's better!

The bit we're missing is the banking regulations: specifically, transaction monitoring.

Now that there's a beneficial owner law, banks can be forbidden to accept transactions to and from a noncomplying entity because that can now be described as failure to perform due diligence in ensuring that you are not participating in a layering or injection transaction for the purposes of laundering the proceeds of crime.

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