The Damage Report
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Trump Paper Trail EXPOSED As Disastrous Shell Company Order Unveiled
Posted
August 14, 2026
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6:11Now PlayingThe Trump administration sparks major backlash after finalizing rule that will allow shell companies to essentially go unchecked for money laundering, drug trafficking and more, as Donald Trump's own real estate profits through shell companies get exposed. Yasmin Kahn and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
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Treasury Scales Back Scrutiny of U.S. Shell Companies
"The Trump administration is moving forward with a plan to scale back scrutiny of the shadowy shell companies that criminals use to launder money and traffic drugs.
The initiative follows a yearslong campaign by lobbying groups, which contended that new financial reporting requirements were too onerous for businesses.
The Treasury Department said late on Tuesday that it was permanently halting the collection of data about the ownership of private American companies that was required as part of the 2021 Corporate Transparency Act. The law, which passed with bipartisan support, was intended to prevent the illicit use of shell companies by giving law enforcement agencies access to information about their ownership structures."
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