Fraud & Ethics
Legal
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A new global solution to money laundering will mainly just help rich countries
The pattern of illegal money flowing from the developing world to the West has been well-established. Funds are stolen by kleptocrat X in developing country Y. They’re laundered through Western banks and law firms, ending up in a tax haven (often a UK crown dependency or overseas territory), and thence…
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Click here to read the full story: Quartz