A Win for Dark Money
The U.S. Treasury has removed ownership-reporting requirements for businesses, a move criticized as a benefit to financial criminals and a burden on financial institutions. The article frames this as a retaliatory measure by the Trump administration against entities that previously enforced anti-money-laundering laws.
Why it matters
This policy change significantly alters the regulatory landscape for financial transparency and anti-money-laundering efforts in the U.S.
Trump just raised the cost of doing honest business.
Andrew Harnik / Getty August 16, 2026, 6 AM ET Share Save “Many secrets; no mysteries.” That’s the master code of the Trump administration. When it does something strange, there’s never any mystery as to why: Somebody close to the president, or possibly the president and his family themselves, intends to score a dishonest dollar. Exactly who and how may be secret. Exactly why is no mystery.
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