Undercover Investigation of Counseling Foreign Oligarchs on Manhattan Real Estate Investment Leads to Reintroduction of Incorporation Transparency and Law enforcement Assistance Act (ITLEA)

IMPORTANT: The full content of this page is available to premium users only.

Author: 

Bruce Zagaris

Date Published: 

Friday, March 11, 2016

Volume: 

32

Issue: 

3

Subject Areas: 

Bank Secrecy
Banking Supervision
Compliance
Confidentiality
Corruption
Data Privacy
Data Sharing
Disclosure
Due Diligence
Evidence Gathering
Evidence Sharing
FATF
Federal Code
Financial Crimes
Financial Enforcement
Financial Supervision
Foreign Corrupt Practices Act
Forgery
Fraud
International Convention
International Cooperation
International Crimes
International Law
International Organizations
Law Enforcement
Money Laundering
Offshore Banking
Offshore trusts
Organized Crime
Oversight
Policy/Directives
Regulation
Transparency
U.S. Congress

Geographic Identifier: 

United States

Abstract: 

On February 3, 2016, Senator Whitehouse and Representatives Maloney and King introduced bills, S. 2489 and H.R. 4450 respectively.  The bills would facilitate the transparency of the financial system by making it more difficult for criminal organizations to hide behind front companies and shell corporations.  It has been referred to the Senate Judiciary Committee.