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The Saker
A bird's eye view of the vineyard

offsite link Macron?s ?Uberization? pension model: odd-jobbing can?t provide a salary, how can it provide a pensi... Sun Dec 15, 2019 23:58 | The Saker
By Ramin Mazaheri for The Saker Blog Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily

offsite link The Baltic states are horrified of losing the Russian transit Sun Dec 15, 2019 19:42 | Scott
by Ruslan Ostashko Translated by Nikolai Subtitled by Scott Source The Balts with their typical sluggish thinking have started figuring out the consequences of losing the Russian transit. The horror

offsite link Special Report: Putin Links Up With Xi, Give Permission to Open Gas Flow On New Pipeline! Sat Dec 14, 2019 18:42 | amarynth

offsite link United Kingdom: from the Brexit vote on June 23 (2016) to the general election on December 12 (2019) Fri Dec 13, 2019 23:14 | The Saker
By Paul Schmutz Schaller for The Saker Blog In June 2016, Brexit was accepted by 51.9% against 48.1%. This was a political sensation and a huge blow against the arrogance

offsite link Turkey Boosts Military Presence In Northeast Fri Dec 13, 2019 16:23 | Scott
Syrian War Report ? December 13, 2019: Turkey Boosts Military Presence In Northeast Members of al-Qaeda-linked Hayat Tahrir al-Sham repelled a Syrian Army attack on the area of al-Katibat al-Mahjura

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Latest Updates Thu Nov 21, 2019 20:32 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

offsite link Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights

offsite link Saudi Human Rights Violation Fri Aug 09, 2019 20:41 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link An offer they can?t accept? 08:45 Mon Dec 16, 2019 | WorldbyStorm

offsite link Left Archive: The Coffee Circle Papers ? Beyond the Parish Pump: Internationalism Today, Democratic ... 06:04 Mon Dec 16, 2019 | leftarchivist

offsite link From Independent Left 12:36 Sun Dec 15, 2019 | guestposter

offsite link Sunday and other Media Stupid Statements from this week? 09:35 Sun Dec 15, 2019 | guestposter

offsite link Anti-racism rally outside LH 14:25 Sat Dec 14, 2019 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

Treasury Extends Anti-Money Laundering Luxury Real Estate Regulations

category international | economics and finance | news report author Thursday February 23, 2017 19:05author by Greg Williams Report this post to the editors

Treasury's Financial Crimes Enforcement Network (FinCEN) renewed requirements for title insurance companies to identify the real owners behind shell companies in six major metropolitan areas.

Treasury's Financial Crimes Enforcement Network (FinCEN) renewed requirements for title insurance companies to identify the real owners behind shell companies in six major metropolitan areas. These “Geographic Targeting Orders” started in 2016 and preliminary reporting found that 30% of buyers were involved in suspicious activity. Watchdog groups like Jubilee USA are concerned that real estate purchases in places like New York and Miami are ways for corrupt officials to launder money.

“It's good news that Treasury is renewing these reporting requirements. Luxury real estate transactions can be used to launder money stolen from developing economies,” explained Eric LeCompte, Executive Director of the religious development organization Jubilee USA. "Not only can unchecked real estate purchases support corruption and tax evasion, they also drive up real estate values that leave little room for affordable housing.”

FinCEN's order applies to New York City, Los Angeles, San Diego and the Miami, San Francisco and San Antonio metropolitan areas. According to a recent report from the research organization Global Financial Integrity, developing countries lose more to corruption and tax evasion than they receive in loans, aid and other sources combined. Last year's "Panama Papers" leak revealed how shell companies can facilitate corruption and tax evasion.

“Improving global transparency is essential to solving global poverty,” stated LeCompte who serves on United Nations expert groups that focus on the financial system.

Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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