Why U.S. Law Helps Shield Global Criminality

Time Magazine is catching on:

"The U.S. just might be the world's biggest washing machine for dirty money."

Starting with a case involving nefarious Iranian dealings -- linking to an entity in the British secrecy jurisdiction of Jersey (of course) - it's an article worth reading. Featuring TJN's Financial Secrecy Index.

"Apply online — providing less ID than it would take to get a library card — and have it all processed within 24 hours, for little more than $100."

And a nice quote to end, from our friend Raymond Baker in Washington:

"There would be no net loss to the U.S. economy by eliminating secrecy. On the contrary, the more we can do to make the U.S. economy transparent, the more we can strengthen [it], and the more we will attract money from overseas."