THE signal is out. Wherever you try to clean your dirty money, you could be hunted down. Countries all over the world are pursuing money launderers under their elaborate money laundering national laws. Also targeted are banks, which allow for the channelling of such illicit money.
By now, Malaysians are all too familiar with this crime of money laundering ever since they witnessed the former premier and his wife appearing in court to face an extraordinarily large number of charges for such an offence.
And in Datin Seri Rosmah Mansor’s case, money laundering can be linked not just to corruption but for all sorts of other illegal acts including tax evasion. She has been charged with money laundering by failing to declare tax exceeding RM7 million from 2014 to 2018.
A survey of laws worldwide shows that the noose is tightening for money launderers.
In the UK, described as the money laundering capital of
... read more at: http://www.thesundaily.my/news/2018/10/08/no-safe-havens-dirty-money