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This crackdown is targeted at the Middle Kingdom. With the pandemic behind us and Russia at war, the political environment is finally right to turn this on. It

This crackdown is targeted at the Middle Kingdom. With the pandemic behind us and Russia at war, the political environment is finally right to turn this on. It can be considered an escalation in the cold war/trade wars

whinenot 3y ago
Don't forget the drug war. Miami wasn't built up just for local Floridians.
- bilbo0s 3y ago
  Yeah. If they get serious about this, real estate in Miami, and in Florida in general, is going to be seeing some troubled times ahead.
  - ibejoeb 3y ago
    There is (recently) already significant restriction on real estate ownership in Florida. Decent breakdown here: https://www.bipc.com/new-florida-real-estate-law-restricts-certain-foreign-interests https://www.bipc.com/new-florida-real-estate-law-restricts-c...
bonestamp2 3y ago
What do you mean by Middle Kingdom? I googled it and everything I could find was about a period in Egypt's history.
- deleted 3y ago
  [deleted]
- mminer237 3y ago
  中国 (Zhōngguó) literally means "middle kingdom" and is China's endonym.
  - bonestamp2 3y ago
    Thank you for the helpful reply!
- martinko 3y ago
  They mean China: https://en.wikipedia.org/wiki/Names_of_China https://en.wikipedia.org/wiki/Names_of_China
  - bonestamp2 3y ago
    Thank you for the helpful reply!
baybal2 3y ago
It is not, or, if it is, it's completely not serious. As I said in the other comment, the majority of global money laundering happens in banks, and investment funds completely legally. And it's also happening primarily in US because US financial markets are world's largest. Why to go after money laundry clients, when they should really go after the bank laundry owners? Western governments never needed KYC AML for that, because they already knew perfectly well who is laundering money and where. Chinese and Russian mafia members lived openly in the West in tens of thousands for decades, and its absolutely impossible that no Western counterintelligence agency ever checked them. The ill famed Andrei Guriev literally lived in Vauxhall. If US government was serious about Chinese/Russian infiltration of American financial system, Blackrock would've been sent to Guantanamo years ago. I find it absolutely implausible that the White House don't know it.

whinenot 3y ago

Don't forget the drug war. Miami wasn't built up just for local Floridians.

bilbo0s 3y ago
Yeah. If they get serious about this, real estate in Miami, and in Florida in general, is going to be seeing some troubled times ahead.
- ibejoeb 3y ago
  There is (recently) already significant restriction on real estate ownership in Florida. Decent breakdown here: https://www.bipc.com/new-florida-real-estate-law-restricts-certain-foreign-interests https://www.bipc.com/new-florida-real-estate-law-restricts-c...

bonestamp2 3y ago

What do you mean by Middle Kingdom? I googled it and everything I could find was about a period in Egypt's history.

deleted 3y ago
[deleted]
mminer237 3y ago
中国 (Zhōngguó) literally means "middle kingdom" and is China's endonym.
- bonestamp2 3y ago
  Thank you for the helpful reply!
martinko 3y ago
They mean China: https://en.wikipedia.org/wiki/Names_of_China https://en.wikipedia.org/wiki/Names_of_China
- bonestamp2 3y ago
  Thank you for the helpful reply!

baybal2 3y ago

It is not, or, if it is, it's completely not serious. As I said in the other comment, the majority of global money laundering happens in banks, and investment funds completely legally. And it's also happening primarily in US because US financial markets are world's largest. Why to go after money laundry clients, when they should really go after the bank laundry owners? Western governments never needed KYC AML for that, because they already knew perfectly well who is laundering money and where. Chinese and Russian mafia members lived openly in the West in tens of thousands for decades, and its absolutely impossible that no Western counterintelligence agency ever checked them. The ill famed Andrei Guriev literally lived in Vauxhall. If US government was serious about Chinese/Russian infiltration of American financial system, Blackrock would've been sent to Guantanamo years ago. I find it absolutely implausible that the White House don't know it.