Move proactively as world pressure on tax havens mounts

Abstract

A small news item from the Press Trust of India dated December 13 read thus: “Billions of dollars of laundered drug money and cash from other illegal activities kept the global banking system afloat at the peak of the financial crisis, the United Nations’ drugs and crime tsar has said. Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. Read more at: https://rvaidya2000.com/2010/06/26/move-proactively-as-world-pressure-on-tax-havens-mounts/