American Businesses and Black Money

In the United States of America recently, there was a law passed for the proper maintenance of accounts by business concerns. This was seen as an attempt by the Obama government to control the flow of black money that is being siphoned by foreign industrialists as well as criminals to American firms in order to keep their balance sheets in check. But these firms in America are using this money to run their businesses without properly accounting for the source of the capital and as a result, the administration hopes that this new circular will limit the use of illegal sources of income for these business concerns.