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“Dirty money underpins corruption, crime and conflict. It causes immense harm at home and abroad, enabling serious and organized crime and diverting resources needed for vital public services. Public registers, and the scrutiny that they bring, are the best antidote to the scourge of illicit finance. These registers – disclosing the ultimate owners of companies and assets – help us to follow the money and identify wrongdoing. If implemented, registers would bring to an end decades of secrecy . . .This common-sense measure has strong support across the business community as a crucial measure to promote good corporate behavior.”
Well, that’s what our British allies are reading in their newspaper this morning. Congress enacted BOI before the current trend of isolationism in American foreign policy. Soon will we be seeing billboards demanding “Get the US out of BOI and BOI out of the US” ?
https://www.theguardian.com/world/2024/nov/17/open-registers-only-way-stop-dirty-money-crime