Re:US passes anti-corruption law that effectively bans anony...
by csomar on Saturday January 02, 2021 @08:20AM
(#25612657)
The way I see it, before, he had two choices: Run a single money laundering operation where he recruit people, have an office, etc... and have a sizable amount going through it. Or create 1.000 shell company. Having a single shell company with no presence and employees move dozens of millions of dollars will raise eyebrows from the bank. But a 1.000 shell that move dozens don't.
After this, he has only one choice: Run the fake business.
It is a little different. Using your numbers, previously $5 million got a big player ~1,000 shell companies, now it gets them 1. The law would make a legal manoeuvrer several orders of magnitude more costly. That is more powerful than a $5 million per business tax.