Support HR 2513 and put an end to money laundering as well as the use of anonymous shell companies.
The Corporate Transparency Act of 2019 should be subtitled the "Laundromat Act." I'm sure it's no coincidence that this bill has come up a few days after Netflix released the movie, "The Laundromat" directed by Steven Soderbergh starring Meryl Streep, Gary Oldman, Antonio Banderas, Sharon Stone and James Cromwell.
The movie is based on the book with the explanatory title "Secrecy World: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite" by Jake Bernstein.
As the film makes perfectly clear, its long past time for our lawmakers pass significant legislation to crack down hard on money laundering in the U.S. through anonymous shell companies.
Companies must be made to disclose their true, beneficial owners at the time the company is formed to prevent bad actors from using anonymous shell companies to thwart law enforcement and hide their illicit activities.