By Trevor Hunnicutt, Andrea Shalal | Reuters
WASHINGTON, Dec 6 (Reuters) – The Biden administration on Monday vowed to crack down on “criminals, kleptocrats and others” paying cash for houses to launder money as part of a broader anti-corruption drive linked to this week’s U.S. Summit for Democracy.
Deputy Treasury Secretary Wally Adeyemo, speaking at the Brookings Institution think tank, pledged an “aggressive” push against suspicious all-cash home transactions, moves to beef up enforcement and intensified collaboration with allies.
