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Gary Kalman

Gary Kalman

Sep 10, 2026

24:06
Now, ostensibly, the registry would have actually been it would have made it less easy to hide, Gary.
24:15
Some and some.
24:16
There's a variety of vehicles that are used to move money through politics.
24:23
It gets a little complicated.
24:24
But the notion that a U.S. company is not going to be used for laundering money and the threat is only foreign companies.
24:33
Let me say two quick things.
24:34
One is we talked to some corporate attorneys that looked at who would actually be required to report.

9 MINS LATER

33:53
Do you hazard to guess why a simple, effective rule that would both make the United States less a haven for corruption and money laundering and would also assist law enforcement is something that Treasury has just decided to do away with?
30:46
So in your list, uh, or your, your sort of index of corruption, w- how has the US ranked and how has that ranking changed?
30:54
Yeah, so the Transparency International puts out the Corruption Perceptions Index, uh, every year, uh, ranking 180 countries, uh, on their levels of cor- uh, corruption.
31:06
Uh, it pulls together from a variety of indices, uh, from experts, uh, around the world, um, and comes up with a composite score.
31:15
The US, um, is now at 64 out of 100, so 100 is very clean, 1 would be very corrupt, so we're somewhere still above average, um, but sliding.
31:26
Uh, in fact, over the last, uh, 10 or fif- 10 or 11 years, um, we've slid from a high of 76 in 2015, uh, down to a 64 this year.
31:37
So it's, it's a concerning pattern, um, and a downward trend.
36:30
Mm-hmm.
36:31
That bill-Uh, has extraordinarily weak and loophole-ridden provisions in it, uh, to protect against fraud, uh, and money laundering.

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