this post was submitted on 10 Aug 2023
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US set to unveil long-awaited crackdown on real estate money laundering (www.reuters.com)
submitted 2 years ago by DarkGamer@kbin.social to c/news@kbin.social
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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.

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[–] HubertManne@kbin.social 7 points 2 years ago

It would be funny if prices plummetted because criminals were the factor infalting it to the gills.