When I was in government, I urged Congress to require that information about the actual owners of companies registered in the U.S. be disclosed to the Treasury Department, and made available on request to law enforcement.
This quote highlights the importance of transparency in corporate ownership to combat financial crimes, corruption, and illicit activities. It underscores how government efforts can promote accountability by ensuring that authorities have access to critical information. Disclosure of true owners acts as a powerful tool to prevent identity concealment and illegal operations, fostering a more trustworthy economic environment. Implementing such measures requires balancing privacy concerns with national security interests, but the overall goal remains strengthening the integrity of the financial system.
