Biden can go to South Dakota if he wants to take on Russian oligarchs

[Nevilledog]

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Eli Clifton
@EliClifton
The oligarchs' yachts worth hundreds of millions of $, mansions, apartments & airplanes didn't just appear overnight in the West.

The US & Europe welcomed their assets into "tax havens" & didn't care about ties to kleptocracy and authoritarianism.

responsiblestatecraft.org
Biden can go to South Dakota if he wants to take on Russian oligarchs - Responsible Statecraft
The president’s plan to crack down on Putin’s cronies could have started years ago right here in the US.
9:58 AM · Mar 2, 2022

https://responsiblestatecraft.org/2022/03/02/biden-can-go-to-south-dakota-if-he-wants-to-take-on-russian-oligarchs/

During his State of the Union address to Congress on Tuesday, President Biden reiterated his pledge to “go after the crimes of Russian oligarchs” in response to Vladimir Putin’s invasion of Ukraine. “We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets. We are coming for your ill-begotten gains,” he warned.

Biden’s plan draws a clear link between U.S. and global security and a massive accumulation of high profile assets within the U.S. financial system. Sanctioned individuals “sit atop Russia’s largest financial institutions and are responsible for providing the resources necessary to support Putin’s further invasion of Ukraine,” said a senior administration official on Sunday.

In doing so, the Biden White House was furthering the case already repeatedly made, and all too often ignored, that Western financial systems were welcoming cash from kleptocrats and oligarchs at the expense of their own national security.

Warnings about the ties between kleptocrats and oligarchs’ hidden wealth in the U.S. financial system and authoritarian abuses abroad were sounded well before Russia’s invasion of Ukraine. Congressional hearings, media reports, and the Panama Papers revelations have all pointed to the connection between national security and the United States — and other Western global financial hubs — welcoming funds generated by kleptocracies around the world into “tax havens,” jurisdictions allowing vehicles to hide ownership of assets. It’s a term often associated with sleepy Caribbean backwaters, but increasingly the United States, led by investor-friendly financial secrecy laws in states like South Dakota and Delaware, has emerged as a global center for hiding illicit wealth.


*snip*

[PdamnedQ]

1. And while he's at he look next door in Wyoming

See Article:

‘Pandora Papers’ expose magnitude of Wyo’s unethical folly

https://wyofile.com/pandora-papers-expose-magnitude-of-wyos-unethical-folly/

//Snip//

"The Washington Post revealed last week that one of the hundreds of people who park their fortunes in secretive private trusts in Wyoming is a billionaire Russian oligarch who is being investigated for alleged mob ties."

//End Snip//

Oh what a tangled web we weave when first we practice to deceive.

The State of Wyoming has always been a criminal racket. I know I was born and raised there. Wyoming is not a state. It is a mafia with two senators and one representative.

[SheltieLover]

2. Kicking for visibility