
ALT AG Rayfield is leading a new lawsuit to stop the Trump administration from gutting a law that helps police and prosecutors catch money launderers, fraudsters, and tax cheats. The law requires businesses to tell the federal government who actually owns and controls them - so criminals can’t hide their money in shell companies and keep their names from showing up. The U.S. Treasury Dept.’s Financial Crimes Enforcement Network has exempted 99.9% of businesses from the law, making it nearly useless.

ALT “The federal administration has given a green light to all sorts of criminals. In gutting the Corporate Transparency Act, the administration is welcoming organized crime, international money laundering, corruption, and tax evasion—and allowing it to happen right under our noses. Congress decided to crack down on criminals hiding behind anonymous shell corporations, and this administration has unilaterally reversed that effort.”
































