Biden targets all-cash home deals in anti-corruption drive
The Biden administration on Monday vowed to crack down on “criminals, kleptocrats and others” paying cash for houses to launder money as part of a broader anti-corruption drive linked to this week’s U.S. Summit for Democracy. Deputy Treasury Secretary Wally Adeyemo, speaking at the Brookings Institution think tank, pledged an “aggressive” push against suspicious all-cash home transactions, moves to beef up enforcement and intensified collaboration with allies. President Joe Biden ordered officials in June to step up the fight against corruption.