Press Play with Madeleine Brand
Cracking Down on Money Laundering
Buying mega-mansions in Los Angeles is about to get a little more complicated for international ne'er-do-wells. The Treasury Department just announced a new rule that makes it harder for people to anonymously buy houses worth millions of dollars. The rule has to do with shell companies, money laundering, and international crime.
By Madeleine Brand • • 1 min readBuying mega-mansions in Los Angeles is about to get a little more complicated for international ne'er-do-wells. The Treasury Department just announced a new rule that makes it harder for people to anonymously buy houses worth millions of dollars. The rule has to do with shell companies, money laundering, and international crime.
