What are the top countries for money laundering?

Helo

hello

There are all sorts of lists of top money laundering countries

depend on who is making up the list

Nonetheless, some countries repeat year after year after year, on almost all the lists.

The US State Department applies a pretty good methodology.

It identified 65 “Countries/Jurisdictions of Primary Concern

such identification means that the country's

such identification means that the country's

Isle of Man

Cyprus is also known for its relatively lax fincial system.

"Russians have deposited millions of dollars in cash in the Mediterranean island of Cyprus in what local bankers suspect has been a giant scheme to launder the profits of covert Middle East arms sales and the proceeds of Moscow's mafia."

Hong Kong is an Asian finance hotspot

"There were nine laundering cases in the first half of this year alone

U.S. officials from agencies with AML responsibilities assess the money laundering situations in approximately 200 jurisdictions.

The review includes an assessment of the significance of financial transactions in the country’s financial institutions

The 2014 INCSR identifies money laundering priority jurisdictions and countries using a classification system that consists of three different categories

Jurisdictions of Primary Concern, Jurisdictions of Concern,

Jurisdictions of Primary Concern

those that are identified, pursuant to INCSR r

A major money laundering country is defined by statute as one

whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking.

All other countries and jurisdictions evaluated in the INCSR are separated into the two remaining groups,

The current ability of money launderers to penetrate virtually any financial system makes every jurisdiction a potential money laundering center.

Failure to criminalize money laundering for all serious crimes or limiting the offense to narrow predicates.