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Re: U.S Election 2020
Quote:
Originally Posted by Itshim
What ever you guys think .we have just changed our reg offices from Delaware to US virgin islands .Not happy about Biden coming to office .Batten down the hatches! Rough times are coming  |
Probably this is the real reason, as Delaware is (in)famous for the number of shell companies based there... 
https://www.politico.com/news/2020/1...mpanies-440618
Quote:
Lawmakers clinch deal on decadelong fight against shell companies
Advocates were bolstered by increasingly vocal law enforcement groups and national security experts seeking to thwart the companies.
The most sweeping overhaul of financial crime safeguards in decades is poised to be attached to must-pass defense legislation in the coming weeks — a product of behind-the-scenes negotiations between lawmakers and Trump administration officials who are usually at odds.
The legislation, hammered out by progressive Democrats, conservative Republicans and Treasury Secretary Steven Mnuchin, would require millions of business entities to reveal their owners to the federal government in an attempt to deter the use of anonymous shell companies by criminals evading anti-money laundering rules...
... The first move to require corporations to disclose their true owners came from a bill sponsored a dozen years ago by then-Sens. Carl Levin (D-Mich.) and Norm Coleman (R-Minn.), along with Obama, an Illinois Democrat. It followed a series of government investigations that found states were inadvertently helping give cover to criminals by allowing individuals to set up corporate entities with no meaningful oversight of who was behind them. The findings were a wake-up call.
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