LIECHTENSTEIN
During our last conversation, we were talking about how important it is for a government to become involved in fighting back against money laundering. Yes, there is a connection between wealthy countries and a strong central government in successfully fighting money laundering (Finland) and a poor country with a weak central government in allowing money laundering to occur (Haiti). Yet, sometimes a strong central government can choose to "look the other way."
Liechtenstein is one of the world's smallest countries renowned for its banking systems. Unfortunately, until recently, it was documented as "non-cooperative" by many law-enforcement agencies for its refusal to cooperate in financial transparency. This was one thing when it simply involved wealthy people looking for tax evasion; it became something else after 911 when it was found that Al-Qaida was using Liechtenstein for money laundering purposes.
Liechtenstein has improved its cooperation over recent years, but it took the threat of international terrorism for it to "come around" to fight this issue.
As always, have a great and fraud-free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>>>>gene tausk
During our last conversation, we were talking about how important it is for a government to become involved in fighting back against money laundering. Yes, there is a connection between wealthy countries and a strong central government in successfully fighting money laundering (Finland) and a poor country with a weak central government in allowing money laundering to occur (Haiti). Yet, sometimes a strong central government can choose to "look the other way."
Liechtenstein is one of the world's smallest countries renowned for its banking systems. Unfortunately, until recently, it was documented as "non-cooperative" by many law-enforcement agencies for its refusal to cooperate in financial transparency. This was one thing when it simply involved wealthy people looking for tax evasion; it became something else after 911 when it was found that Al-Qaida was using Liechtenstein for money laundering purposes.
Liechtenstein has improved its cooperation over recent years, but it took the threat of international terrorism for it to "come around" to fight this issue.
As always, have a great and fraud-free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>>>>gene tausk
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