US Treasury Halts Enforcement of Corporate Transparency Act, Raising Money-Laundering Concerns

The Trump administration has announced it will not enforce the reporting requirements of the 2021 Corporate Transparency Act, a law designed to combat money laundering by requiring US shell companies to disclose their beneficial owners. The decision, reported by the New York Times, effectively scales back federal scrutiny of anonymous corporate entities, which experts warn could facilitate illicit financial activity. The move comes amid broader debates over financial regulation and enforcement priorities.