> Larger companies that employ more than 20 people, have revenues above $5 million and a physical presence in the US, are exempt from the act. Churches, charities and other non-profits are also exempt.
So it seems that the cost of money laundering has gone from a few thousands dollars for a Delaware C-Corp to running a fake business that employs 20 people and has an office. The minimum to launder under this scheme is $5m per year.
This seems like the government stumping on small money launderers while giving the big guys a tax: employ some people, and rent some real-estate.
So it seems that the cost of money laundering has gone from a few thousands dollars for a Delaware C-Corp to running a fake business that employs 20 people and has an office. The minimum to launder under this scheme is $5m per year.
This seems like the government stumping on small money launderers while giving the big guys a tax: employ some people, and rent some real-estate.