Who Owns That Penthouse? Now No One Will Know.
Mădălin Mihai
Photo-Illustration: Curbed; Photos Getty Images For the past five years, in its slow and grinding way, the federal government labored to bring some sunlight into the shadowy realm of corporate secrecy. A law passed at the end of Donald Trump’s first term, with the support of his Treasury Department and both parties in Congress, imposing new disclosure requirements on the shell companies that are often used to protect financial transactions, like property sales, behind a shield of anonymity.
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