Well - we've done a survey of a few countries where money laundering is an issue. There are hundreds of nations and we can spend a great deal of time covering all of them. But, this brief survey shows three main themes:
1. Money laundering affects all types of nations - rich, poor, those with a weak central government and a great deal of corruption (Haiti) and those with a strong central government with the rule of law (Monaco).
2. Money laundering in wealthy nations with the rule of law has a great advantage in that the currency of these nations is sought and therefore they are an attractive target for launderers. Money laundering in Monaco is valued because the money that is laundered will come out as a currency that is valued worldwide (the Euro) and therefore the end goal is the receipt of this money.
3. Money laundering in poor nations with a weak central government and no rule of law is not has highly valued because the currency is worthless outside the country itself (Haiti). However, because the institutions are weak, it is easy to filter money through the system and such laundering serves as a base for other operations.
We will continue this discussion tommorrow.
As always, have a great and fraud free day.
http://www.tauskvega.com
-------------->>>>>>>>>>>>>>>>gene tausk
1. Money laundering affects all types of nations - rich, poor, those with a weak central government and a great deal of corruption (Haiti) and those with a strong central government with the rule of law (Monaco).
2. Money laundering in wealthy nations with the rule of law has a great advantage in that the currency of these nations is sought and therefore they are an attractive target for launderers. Money laundering in Monaco is valued because the money that is laundered will come out as a currency that is valued worldwide (the Euro) and therefore the end goal is the receipt of this money.
3. Money laundering in poor nations with a weak central government and no rule of law is not has highly valued because the currency is worthless outside the country itself (Haiti). However, because the institutions are weak, it is easy to filter money through the system and such laundering serves as a base for other operations.
We will continue this discussion tommorrow.
As always, have a great and fraud free day.
http://www.tauskvega.com
-------------->>>>>>>>>>>>>>>>gene tausk
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