- Wed Jan 17, 2018 7:06 am
#98852
Bannon has made remarks in the book "Fire And Fury" that the Trump crew will fall over money laundering. If you have any doubt as to the seriousness of money laundering get the book "The Panama Papers" or follow the more recent expose" that is being called The Paradise Papers." It's not enough that tax systems (all) allow breaks for the wealthy, well connected, political leaders and others; they want to shelter their wealth from their governments.
https://en.wikipedia.org/wiki/Paradise_Papers" onclick="window.open(this.href);return false;
Money laundering goes wayyyy back. Have you ever wondered why Switzerland hasn't fallen to some government or other? Switzerland people are 65% ethnic Germans and the language of Switzerland is Swiss German. Hitler could have walked into the country and taken over without firing a shot. But...the world's moneyed need a place to hide their money.
The UK is strongly in favor of cracking down on money laundering. So they say. But...countries with lax money reporting standards that give a wink to money laundering such as Bermuda, Nevis, St. Kits are part of the UK commonwealth.
The Cook Islands have a free association with New Zealand.
Panama relies on the US to stay alive and the US could easily stop them from laundering money.
Deutsch Bank is a German bank with a huge Russia presence in Moscow. It's headquarters is in Frankfort and is regulated by the German government. It has been fined hundreds of millions for illegal activities. Trump supposedly gets much of his financing from them through the Moscow office.
Lichtenstein is a tiny country that has little economy other than money services. .It's banking system is set up to aid in money laundering.
All in all, it would be relatively easy for the world to set money laundering way back. Stopping the flow of money into those tax havens is difficult but stopping the flow out of them is easier.
https://en.wikipedia.org/wiki/Paradise_Papers" onclick="window.open(this.href);return false;
Money laundering goes wayyyy back. Have you ever wondered why Switzerland hasn't fallen to some government or other? Switzerland people are 65% ethnic Germans and the language of Switzerland is Swiss German. Hitler could have walked into the country and taken over without firing a shot. But...the world's moneyed need a place to hide their money.
The UK is strongly in favor of cracking down on money laundering. So they say. But...countries with lax money reporting standards that give a wink to money laundering such as Bermuda, Nevis, St. Kits are part of the UK commonwealth.
The Cook Islands have a free association with New Zealand.
Panama relies on the US to stay alive and the US could easily stop them from laundering money.
Deutsch Bank is a German bank with a huge Russia presence in Moscow. It's headquarters is in Frankfort and is regulated by the German government. It has been fined hundreds of millions for illegal activities. Trump supposedly gets much of his financing from them through the Moscow office.
Lichtenstein is a tiny country that has little economy other than money services. .It's banking system is set up to aid in money laundering.
All in all, it would be relatively easy for the world to set money laundering way back. Stopping the flow of money into those tax havens is difficult but stopping the flow out of them is easier.
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