Money Laundering in a Changed
Israel has always turned a blind eye to the origin of funds deposited by Jews from South Africa to Russia. In Britain it is perfectly legal to hide the true ownership of a company. Underpaid Asian bank clerks on immigrant work permits in the Gulf states rarely require identity documents from the mysterious and well-connected owners of multi-million dollar deposits. Hawaladars continue plying their paperless and trust-based trade - the transfer of billions of US dollars around the world. American and Swiss banks collaborate with dubious correspondent banks in off shore centres. Multinationals shift money through tax free territories in what is euphemistically known as "tax planning". Internet gambling outfits and casinos serve as fronts for narco-dollars. British Bureaux de Change launder up to 2.6 billion British pounds annually. The 500 Euro note will make it much easier to smuggle cash out of Europe. A French parliamentary committee accuses the City of London of being a money laundering haven in a 400 page report. Intelligence services cover the tracks of covert operations by opening accounts in obscure tax havens, from Cyprus to Nauru. Money laundering, its venues and techniques, are an integral part of the economic fabric of t
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Some common words found in the essay are:
Spain's System, Hawala Hawala, Typologies February, Valley Luckily, Task Force, East Asian, Laundering Strictly, Eastern Europe, Road Cheating, Bin Laden's, money laundering, hawala networks, banking system, september 11, islamic banks, financial institutions, task force, tax havens, organized crime, osama bin laden, real estate, financial action task, action task force, anti money laundering, banks financial institutions,
Approximate Word count = 3952
Approximate Pages = 16 (250 words per page double spaced)
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