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Miami Herald: Money Laundering More Prevalent in Real Estate than Anywhere Else十月 11, 2021
President Joe Biden issued a National Security Study Memorandum this past summer focused on battling corruption as a key national security interest, including money laundering. The article cited a recent client alert from O’Melveny that reviewed the memorandum, which noted that a core component of battling corruption should be increasing enforcement actions that put sizeable burdens on market players. “Where the Justice Department finds evidence of misconduct, companies should also expect to see an increase in the number and scope of monitorships imposed, the prevalence of which had nose-dived during the last administration,” the lawyers wrote.