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New York elected officials look to remove safe harbor to Russian oligarchs

Rep. Carolyn B. Maloney along with other elected officials met in Manhattan on Sunday saying Russian oligarchs use New York real estate to hide their wealth behind anonymous shell companies.

News 12 Staff

Mar 13, 2022, 9:52 PM

Updated 830 days ago

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Elected officials are calling on the U.S. Treasury Department to send a message that New York will no longer give safe harbor to Russian oligarchs who, they say, are enabling the war in Ukraine.  
Rep. Carolyn B. Maloney along with other elected officials met in Manhattan on Sunday saying Russian oligarchs use New York real estate to hide their wealth behind anonymous shell companies.
The Manhattan Borough President Matt Levine is calling on the federal government to protect Ukranian residents of New York City.  
Congress signed the Corporate Transparency Act, which was introduced by Rep. Maloney. It will make it harder for terrorists and oligarchs to finance their operations and move their money. 
"This will ultimately make it much safer in the United States, for our people, and it will help make the world a safer place," she said.


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