Private markets are notoriously opaque. Unlike other financial institutions, private equity funds and hedge funds are exempt from requirements to maintain anti-money laundering programs.
Editor's note · Context
Senator Reed highlights the lack of transparency in private equity and hedge funds regarding anti-money laundering.
Share
More from Jack Reed
Secretary Hegseth has shown an eagerness to dismiss military leaders without cause, and I will be skeptical of the rationale for these plans until he explains them before the Armed Services Committee.
Preventable deaths, inhumane conditions, and millions of dollars in waste are the direct result of the Pentagon cutting corners and handing a billion-dollar contract to an inexperienced vendor that wrote its own performance standards.
requiring all Department of Defense communications with Congress to be controlled by Secretary Hegseth's office raises serious questions about transparency and the timely flow of information that lawmakers need to conduct oversight.





