US Treasury

Anonymous LLCs Enable $300B+ Annual Russian Money Flow into US Real Estate

2014-01-01 00:00:00 +0000 UTC | Importance: 9/10

By 2014, anonymous Limited Liability Companies (LLCs) and shell companies had become the primary infrastructure enabling Russian oligarchs and other kleptocrats to launder an estimated $300 billion or more annually into US real estate. Unlike most developed nations, the United States imposed no …

US Treasury FinCEN Russian Oligarchs US real estate industry money-laundering russian-oligarchs real-estate shell-companies fincen +3 more

William Simon Establishes Petrodollar Recycling System

1974-07-01 00:00:00 +0000 UTC | Importance: 9/10

US Treasury Secretary William Simon negotiated a pivotal agreement with Saudi Arabia that established the petrodollar recycling system, fundamentally reshaping global monetary dynamics. Simon convinced Saudi Arabia to sell oil exclusively in US dollars and invest oil revenues in US Treasury bonds, …

William Simon Ahmed Zaki Yamani Richard Nixon King Faisal Henry Kissinger +2 more petrodollar-system monetary-policy oil-politics financial-system international-finance