Alessandro Chesser is a 40-year-old Silicon Valley entrepreneur. He’s married with two kids and was the first in his family to attend college. His grandfather immigrated from Sicily and worked as a school janitor so his family could have a better life.

Skip forward a few generations, and Chesser is noticing the way wealthy investors hide their money to avoid paying taxes. He’s outraged and wants to upend the tax system, which he thinks is unfair to the everyday American worker. In Chesser’s mind, the realistic solution isn’t to reform the tax code, but to make it easier for average Americans to access one of the best-kept secrets of the superrich: trusts.

Trusts have become big business in the US. They are now an industry worth trillions of dollars. But no one knows the exact number, because the trust industry is extraordinarily private. Trusts can last forever (literally), but there is no public registry for them. In fact, they are one of the main reasons why watchdog groups consider America to be the most secretive financial jurisdiction in the world.

This week on Reveal, journalists Sally Herships and Leah McGrath Goodman investigate America’s shadowland of trusts. As the nation’s wealth gap keeps growing—and Americans brace for Tax Day—we uncover what’s at stake as US states race to become the most trust-friendly jurisdictions in the world.

Podcast/ Inside America’s Race to Hide the World’s Money
by 40 min. Prof. James Henry /UAML
#PriceOfOffshore #OFFOnShore #REVEAL Podcast: With Secret Trusts, the Offshore World Has Moved Onshore: “Inside America’s Race to Hide the World’s Wealth”… JS Henry intv at the end)
submergingmkt

Strategy on organized crime – Interview with UAML Member Sebastian Fiedler, SPD
Reversal of the burden of proof

Federal government adopts action plan against organized crime: Customs and Federal Criminal Police Office to receive legal, technical, and personnel support

Joint press release from the Federal Ministry of Finance, the Federal Ministry of the Interior, and the Federal Ministry of Justice and Consumer Protection:
Aktionsplan gegen Organisierte Kriminalität

Please join us for the live stream of the Parliamentary Intelligence-Security Forum in Madrid on May 22–23, 2025, hosted by the President of the Spain Senate, Pedro Rollan Ojeda.

Over 185 Parliamentarians and government officials from 57 countries are represented at the forum, with 35 expert presenters.
How to Watch:
Dates: May 22–23, 2025  (Madrid time)
Live Stream: Available exclusively at www.pi-sf.com
Full Program: Attached here.

We look forward to your participation in this critical international dialogue.
Sincerely,
Congressman Robert PittengerChairman, Parliamentary Intelligence-Security Forum
www.pi-sf.com

The results of our first study on the economic analysis of money laundering in the real estate sector provide the first empirical evidence of the negative effects of money laundering on real estate prices. You can find the results of the study here.

Further information on our current research projects, including this study, can be found under the tab Projects – economic analysis of money laundering .

by Leah McGrath Goodman

Trillions were at stake as the Department of Labor, which plays a role in protecting U.S. private pension assets, sifted through the bank’s checkered history before giving UBS the green light.
Institutionalinvestor.com

Inside UBS’s Quiet Battle With the DOL to Manage Retirement MoneySycikimagery/Getty Images

Sebastian Fiedler – Rede zum Thema: Vermögensermittlungs- und Einziehungsverfahren – 05.07.2024

Am Freitag, 5. Juli 2024, habe ich im Deutschen Bundestag zu einem erstmals eingebrachten Antrag der CDU/CSU-Fraktion mit dem Titel „Kriminell erlangte Vermögen konsequent abschöpfen – Vermögensermittlungs- und Einziehungsverfahren außerhalb des Strafrechts schaffen“ geredet.

Die Vorlage wurde im Anschluss an die Aussprache zur weiteren Beratung an den federführenden Finanzausschuss überwiesen.

Quelle: Deutscher Bundestag

Sebastian Fiedler würdigt in dieser Rede den Initiator Andreas Frank von
UAML United Against Money Laundering

In 2021, the European Commission presented ambitious plans to step up its engagement with anti-money laundering and countering the financing of terrorism. In addition to unifying substantive law across the EU, the primary goal is to establish a European Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), which will take the EU’s efforts to the next level. amla-frankfurt.eu/amla/
Source:  Federal Ministry of Finance