The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

  • purahna@lemmygrad.ml
    132·
    1 year ago

    No more corrupt oligarchs, just straightlaced god fearing American oligarchs like Blackrock Blackstone and State Street 🥰

        • crusa187
          1·
          1 year ago

          Griddle maker?! lol, my comment is for you then.

          These two firms are commonly mistaken for one another. Blackrock doesn’t invest in real estate directly. Blackstone’s entire business model revolves around it. In the context of this article, Blackstone is the relevant hedge fund.

          more info fyi