As a Delawarean, I want our state to be a responsible corporate leader. Please help ensure law enforcement has the necessary information to ensure criminals cannot use anonymous shell corporations for terrorism, money laundering, tax evasion, or other misconduct. Support the Incorporation Transparency and Law Enforcement Assistance Act!
Why is this important?
Anonymous Delaware companies have been used to facilitate drug smuggling, arms trafficking, and anonymous campaign contributions; force foreclosures on ordinary Americans; and launder the proceeds of overseas corruption. As a corporate leader, we need to ensure our state is not being used by criminals for illicit purposes. The Incorporation Transparency and Law Enforcement Act will require states to collect beneficial ownership information from companies (the real person profiting from the company), which will allow law enforcement to track illicit funds and activities more efficiently and effectively. The bill exempts publicly listed companies and would apply to all U.S. states, so does not create any competitive disadvantages for Delaware.
