I'm old enough to remember when this was grounds for automatic rejection.
Treasury secretary nominee Steven T. Mnuchin defended his ties to offshore business entities and his management of a controversial California bank during a testy confirmation hearing on Thursday.
Speaking before the Senate Finance committee, Mnuchin said businesses in the Cayman Islands and Anguilla revealed in his financial disclosures were not used for his personal benefit but served nonprofits and pensions. A memo compiled by Democratic committee staffers obtained by The Washington Post showed Mnuchin initially omitted some of those entities -- as well as more than $100 million in personal assets -- from his nomination paperwork.
IIRC, presidential appointments were routinely rejected for things as mundane as employing an undocumented immigrant. Forgetting to declare hundreds of millions of dollars in assets, ties to overseas tax havens, and shady banking practices? Eh, what can you do?