PNS National Newscast

Audio Activation
"Siri, play the Public News Service (podcast)"
"Hey Google, play the Public News Service podcast"
"Alexa, play Public News Service podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app

2020Talks

Audio Activation
"Siri, play the 2020Talks podcast"
"Hey Google, play the 2020Talks podcast"
"Alexa, play Two-Thousand-Twenty Talks podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app

Newscasts

PNS Daily Newscast - June 11, 2021 


We reflect and update as HIV/AIDS first came to national attention 40 years ago this month; and when it comes to infrastructure spending, bipartisanship isn't dead yet.


2021Talks - June 11, 2021 


President Biden offers up more COVID-19 vaccines to the world; Dems and GOP close in on an infrastructure deal; and Speaker Pelosi tries to quell a spat over the Middle East among Democrats.

Groups Push for Laws to Fight Anonymous Shell Companies

Downloading Audio

Click to download

We love that you want to share our Audio! And it is helpful for us to know where it is going.
Media outlets that are interested in downloading content should go to www.newsservice.org
Click Here if you do not already have an account and need to sign up.
Please do it now, as the option to download our audio packages is ending soon

Anti-corruption groups are pushing a proposal to require that shell companies list their true owners to law enforcement. (cohdra/morguefile)
Anti-corruption groups are pushing a proposal to require that shell companies list their true owners to law enforcement. (cohdra/morguefile)
 By Suzanne Potter - Producer, Contact
February 1, 2017

PHOENIX – Anti-corruption advocates are pushing Congress to pass legislation to make it harder for criminals to launder money through shell companies in the United States.

Right now, human traffickers, terrorists, drug and weapons dealers and corrupt officials in poor countries can all use U.S. shell companies as a front, because states don't require these companies to list their true owners, only a contact person, such as an attorney.

And Andrew Hanauer, campaigns director at Jubilee USA, an anti-corruption watchdog group, says individual states are afraid to change their incorporation laws on their own.

"The most simple explanation is that each state has its own incorporation system," he said. "And any state that went off on its own to require any additional kind of paperwork would immediately lose business to every other state. So, there's really a need for a 50-state solution to this problem."

The issue came to a head with last year's leak of the so-called "Panama papers," which revealed millions of attorney-client connections. That's also when a bipartisan bill to require corporations to disclose their true owners to law enforcement was introduced in Congress, but it never got a hearing. Backers of the bill are expecting another try in the next few months, now that the election is over.

These companies have been used to defraud Medicaid and the military, and weapons traffickers have used their illicit proceeds to fund civil wars around the world. Hanauer says they're also known to own a lot of real estate in the U.S., including a dilapidated apartment complex in Arizona. He says President Trump, a former real estate developer, hasn't taken a position on this issue.

"Part of his message in the campaign was around stopping corruption, and this is certainly a great way to do that," he added. "He has not spoken about the issue itself in detail."

Hanauer blames corruption as a root cause of poverty around the world, and his group is calling on Arizona Senators Flake and McCain to support the forthcoming legislation.

Best Practices