“Make Money Laundering Great Again” (MMLGA)
According to Mother Jones, “President Donald Trump’s return to power has cast doubt on the future of the most monumental anti-kleptocracy reform push in decades… Increasingly, the United States has become the epicenter of the multitrillion-dollar offshore economy”.
Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Treasury with a mission to “safeguard the financial system from illicit activity, counter money laundering and the financing of terrorism”.
On March 6, 2015, four months before Donald Trump announced his candidacy for the Republican Party nomination, a controversial FinCEN report regarding money laundering violations at Trump’s Taj Mahal’s Casino was released:
“The Financial Crimes Enforcement Network (FinCEN) today imposed a $10 million civil money penalty against Trump Taj Mahal Casino Resort (Trump Taj Mahal), for willful and repeated violations of the Bank Secrecy Act (BSA). In addition to the civil money penalty, the casino is required to conduct periodic external audits to examine its anti-money laundering (AML) BSA compliance program and provide those audit reports to FinCEN and the casino’s Board of Directors”
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In a carefully documented February 26, 2017 Newsweek Report (during Trump’s first mandate):
“President Donald Trump made tens of millions of dollars in profits by allowing Colombian drug cartels and other groups to launder money through a Trump-affiliated hotel in Panama, according to a new investigation by the organization Global Witness.
The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.
Some observers [2017] are saying it is time for Congress to begin investigating the president’s finances and potential conflicts of interest.
In a carefully documented February 26, 2017 Newsweek Report (during Trump’s first mandate):
“President Donald Trump made tens of millions of dollars in profits by allowing Colombian drug cartels and other groups to launder money through a Trump-affiliated hotel in Panama, according to a new investigation by the organization Global Witness.
The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.
Some observers [2017] are saying it is time for Congress to begin investigating the president’s finances and potential conflicts of interest.