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The Laundrymen: Inside the World's Third Largest Business [Jeffrey Robinson] on unnercartlanhack.tk *FREE* shipping on qualifying offers. This text reveals how. Read "The Laundrymen: Inside Money Laundering, The World's Third Largest Business" by Jeffrey Robinson available from Rakuten Kobo. Sign up today and. Download E-books The Laundrymen: Inside the World's Third Largest Business PDF. By Jeffrey Robinson. This article unearths how funds.
There are Borodianskys, there are Shakarchis, there are Schaffers.
The book also deals with the bloodiest of drug trafficking organized ravishly in South America specially Columbia.
So when I say black money of Columbia, then expect the stories of crime daddies like Pablo Escobar and the Orejuelas. The book is too good in sketching Swiss Secrecy Laws and nexus of Swiss accounts to criminology. Robinson wrote it in but the truth is that history has no age or period. This remarkable masterpiece insists the fate of illness to prolong a vanquished desire in money making. It agrees with a lot of what I've read elsewhere and what I've learned about the world in the past 65 years.
The message comes through clearly - crime mostly illegal drugs pays and the amounts are staggering. Also clear but more between the lines is the fact that the criminal money launderers, as well as the drug traffickers, are enabled by industrial and financial segments of the advanced economies that are str Although this was published twenty years ago in , it is by no means outdated.
Also clear but more between the lines is the fact that the criminal money launderers, as well as the drug traffickers, are enabled by industrial and financial segments of the advanced economies that are struggling with this scourge. In fact, a far more interesting story, mostly untold here, would be the extent of involvement of major banks in money laundering, the reasons thereof, and the punishments if caught. One is reminded of the scene in Casablanca when Capt.
Renault closes Rick's Cafe Americain because of gambling, just seconds before the croupier brings him his winnings. The one objection I have, and it's not fair since it's outside the scope of the book, is the author's dismissal of decriminalization as unworkable and leading to worse trouble where it has been tried.
That may have been true in or in the areas where it was decriminalized then. However, although alcohol still leads to traffic fatalities, ruined lives and families, and increased medical costs, the degree seems no more than it was during Prohibition.
The recent legalizing of marijuana may prove instructive. Addiction is a disease, a public health problem. Somehow the money has to be taken out of illegal drugs the way it was with alcohol. That racism played a part in the development of the offshore world is undeniable. White crooks, okay. But not black crooks. Instead, money headed westward, past Jamaica to a British crown colony — which meant it was still acceptable to the white world — called the Cayman Islands.
Some miles south east of Miami, the Caymans is a British crown colony of three islands, banks, mutual funds, insurance companies, 40, IBCs and about the same number of residents. As there are no direct taxes on income, profits, wealth or capital gains, the government must make its money on indirect taxes, which include sales tax, import duties, stamp duty, plus the sale of banks, mutual funds insurance companies and IBCs. Commercial finance came slowly.
Ten years later, a second bank arrived — the Royal Bank of Canada — being the opening salvo in a campaign by Canadian money managers to colonize the Caribbean. As more and more money left the Bahamas, the pace in the Caymans picked up and, within 20 years, the Caymans could boast one bank for every 49 residents.
Abuse brought embarrassment and several banks have since been shut. Not that every resident has that much. Unlike financial centers in Europe where vaults are filled with the stuff, the water table in the Caymans is so high that there are no basements.
No basements, no underground vaults, no cash. Most of the money is in New York. Whatever transaction are booked in the Caymans have nothing to do with moving that money. To be blunt, it is there because those who put it there want a free ride, depositors, investors, banks and businessmen want to avoid or evade laws, regulations and taxes. Unlawful tax shelters do not need to be kept secret.
It poured in from the s well into the s. Then the Russians arrived on the wings of capital flight.
Some if it went to Dubai. A lot of it wound up being invested in the United States. But at some point, a lot of it either moved through the Caribbean or was bedded down there for a while. And in some vases it still lives there. In the Caymans, at least in the beginning, they welcomed the Russians with open arms. Russian money was followed by money that used to be in Hong Kong.
Fearing the Chinese take-over of the colony, a great deal was shipped out to be bedded down in the Caymans for safe keeping.
Some of it was legitimate money. Some of it was owned by Asian organized criminals. But, by the time it got to the Caribbean, it all smelled sparkling clean. When it comes to drug cash, there may be some truth in their avowals.
They also insist there is no terrorist money there, either.