SOUTH-EAST ASIA
August 1st, 2002
BY MARK ROWEMONEY launderers looking to process their criminal gains look favourably upon south-east Asia. Authorities in the region are under-funded and overworked, while cash-transactions are a cultural norm, making it easy to ensure that money you would prefer not to be traced can simply disappear, with little likelihood that anyone will have the time to investigate the transaction. And then there are those inviting off-shore havens scattered off the Malay peninsula and across the South China Sea.The Financial Action Task Force (FATF), a 31-member ...
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