Money

How To Launder Money (And Everything Else You Wanted To Know About Money Laundering)

Interesting piece from Forbes Magazine… Tough Rules You can thank the USA Patriot Act (passed after the 2001 terrorist attacks) for this rapid global change.  The Patriot Act required financial institutions to set up rigorous anti-money-laundering programs, ostensibly to thwart terrorist financing.  However, with a powerful new tool on their hands, various law enforcement agencies did not … Continue reading

Money

Best Locations For Money Laundering

During my time at Brown Brothers Harriman, an internal research report was circulated outlining the most hospitable jurisdictions for money laundering. This was generated back in 2001, but I still believe it is interesting as things haven’t changed much. The list is in alphabetical order rather than in order of the ease of laundering: Cook … Continue reading