A month after a federal law required more transparency on real estate transactions, Manhattan District Attorney Cyrus Vance wants it expanded.
Manhattan District Attorney Cy Vance, Jr. sent a letter to Treasury Secretary Janet Yellen urging her agency to pursue bold regulatory actions to further increase incorporation transparency following the passage of the bipartisan Corporate Transparency Act.
Members of Congress and advocacy groups, such as Transparency International, deserve credit for their monumental achievement on anonymous shell companies. The great thing about accomplishing so much on the year’s opening day is there’s nothing but time to achieve greater incorporation transparency in 2021.
Manhattan District Attorney Cy Vance, Jr. today urged the Biden administration to pursue bold new measures to help prosecutors further combat money laundering and financial fraud now that Congress has passed the Corporate Transparency Act, a “laudable first step” in this fight.