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Money Laundering Quotes

Browse 20 quotes about Money Laundering.

Money Laundering Quotes

“After long years tolerating tax evasion by their fellow members of the ruling class, the political leaders of the big Western economies had been forced by the cost of the bank bailouts, the subsequent recession and increasingly widespread hostility to cuts in public services to go after those missing tax revenues. Hence the Americans' pursuit of UBS, Credit Suisse, BSI and the rest. But the City was in a different position. It was not the UK Treasury that the City's clients were primarily cheating. It was everyone else's. And there was one more fact, so huge and so obvious that everyone ignored it the way only problems of such magnitude could be ignored. Tax evasion deprived governments of revenue. Money laundering was the other side of the same coin. Like tax dodging, it was a subversion of money's role as a token of reciprocal altruism that allowed large and diverse societies to function. But while tax evasion sucked money out, money laundering pumped money in. If you could stop yourself thinking about its origins, those inflows of dirty money from around the world were just another source of investment into otherwise declining economies.”

TaxesCorruptionTaxationOligarchyCity Of LondonKleptocracyMoney LaunderingTax EvasionFinancial SectorCredit Suisse
Book:Kleptopia How Dirty Money is Conquering the World & The Looting Machine By Tom Burgis 2 Books Collection Set
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“Sanders said that it was easy to open exchange accounts using false identification.  He'd signed up for accounts of his own under the name "Taylor Swift".  As verification, he'd sent in a photo of himself in drag, wearing a blond wig, heavy blue eye shadow, and a glittering dress, which displayed his abundant chest hair.  He said crooks who prefer not to dress in drag can buy accounts registered by other people for as little as $20.”

CryptocurrencyMoney LaunderingTether
Book:Number Go Up: Inside Crypto's Wild Rise and Staggering Fall
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“Canada is a preferred destination to launder ill-gotten gains with impunity. Numerous investigations that ultimately went nowhere have revealed weak legislation and an under-resourced enforcement regime that is manifestly not fit for purpose. Chances of getting caught are almost nil, civil and criminal asset forfeiture is weak, and penalties are negligible.”

CanadaMoney Laundering
Book:Dirty Money: Financial Crime in Canada (The State of the Federation)
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“Terrorists are linked to money laundering, dirty money, drug dealing, arms trafficking. We have to ask ourselves, where do terrorists get their weapons from? Where do they get their communication technology from? Where do they get their financing from? These are some of the aspects where I think the entire international community needs to come together and put a complete stop to access to these three key aspects by the terrorists.”

ThinkingNeedsTogetherThreeAsksCommunityTechnologyCommunicationArmsKeysDrugWeaponsAspectInternationalAccessTerroristDirtyLinkedInternational CommunityFinancingTraffickingCommunication TechnologyMoney LaunderingDirty Money
Author:Narendra Modi
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“Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer's travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.”

WayLittlesCountryEnergyLinesCuttingPolicyTaxesSummerDecidedSeasonsClintonChinaShipsOur CountryGasPushingCentsTanksArabiaSaudi ArabiaSaudisMccainGasolineGallonsEnergy PolicyMoney Laundering
Author:Thomas Friedman
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“I guess the main thing that came out of the Panama Papers was that Ukrainian President Poroshenko had promised to divest of his chocolate company and instead, he simply moved it into an offshore account. And on the very day that he was increasing the attacks on the eastern Donbass region of Ukraine, the export sector, he was signing documents to conceal his own money offshore. So the exposé of the Panama money laundering has hit some of the dictators that America is protecting and promoting.”

AmericaPresidentCompanyPaperAccountsMovedRegionsChocolateDictatorDocumentsPapersEasternPromotingUkraineSigningUkrainianPanamaOffshoreMoney Laundering
Author:Michael Hudson
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“America should be working more with the Mexicans to prevent the flow of guns going south into Mexico that have fueled so much of the violence there, and the smuggling of cash and the money laundering that transnational criminal organizations have instituted in North America, including in the United States.”

ShouldStatesAmericaUnitedUnited StatesViolenceGunFlowOrganizationSouthIncludingCriminalsCashMexicoNorth AmericaSmugglingMoney Laundering
Author:Alan Bersin
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