HOW TO LAUNDER MONEY

Money laundering is asold as money itself - and yet the laws designed to prevent it are asineffective as they have ever been. Today's anti-moneylaundering laws stop only a staggering 0.05 per cent of global illicit financialflows, while significantly increasing the regulatory burden on legitimatebusinesses and consumers. Fraudsters and criminals stay several steps ahead ofregulators, while it often costs governments more to execute forfeitures thanthey reap from them.