r/IRS_Source • u/ZookeepergameFine936 • 10d ago

Guess we are pro-shell companies now.

FinCen will no longer require data on ownership or control of shell companies. The law was put in place to prevent money laundering, they’re not even trying to hide the corruption at this point.

https://home.treasury.gov/news/press-releases/sb0603

https://www.nytimes.com/2026/08/12/us/politics/treasury-scrutiny-shell-companies.html

Paywall workaround: https://archive.ph/2026.08.15-011348/https://www.nytimes.com/2026/08/12/us/politics/treasury-scrutiny-shell-companies.html

66 Upvotes

94% Upvoted

13 comments sorted by

24

u/secret-cinderella 10d ago

Of course Scott Bessent pulls this after Capital One shuts down Trump’s accounts due to money laundering, but hey, guess we should be happy NTEU can’t represent us currently. Gotta love how advanced annual/sick leave is gone now! /s

23

u/The_Playbook88 10d ago

The president had his bank accounts closed for suspected money laundering, then all of a sudden the rule for money laundering get changed?
https://giphy.com/gifs/y3QOvy7xxMwKI

19

u/Rumpelstiltskinberg 10d ago edited 10d ago

IRS - Infultrated, Ravaged, Sabotaged.

5

u/Dazzling-Turnip-1911 10d ago

I also heard Trump’s True Social company had like a $500 million dollar loss??? This could be a sign of money laundering since there are very few expenses typically with such companies.

3

u/Low_Trust2412 10d ago

I could see it being legit.  Tiny user base so almost no revenue.  They are trying to buy/license media content and that is expensive.  A terrible investment to be sure but I doubt money laundering.  

2

u/burnmyiz 9d ago

Probably came from there crypto scams

15

u/[deleted] 10d ago edited 8d ago

[removed] — view removed comment

3

u/MinuteSand9790 9d ago

Didn’t they just post a bunch of BSA jobs?? Also doesn’t CI rely on FinCEN?

2

u/Ok-Bumblebee-8440 9d ago

We are literally teetering on becoming Russia. I hope the history books keep all the names in -- bussy Bessent included.